What are the types of Income-tax notices ?
The Income-tax department issues notices for various purposes under the Income-tax Act, 1961. These are listed below:
- Intimation under section 143(1) – It is an intimation sent by the Income-tax department after the return is filed by the taxpayer and processed by CPC.
- Income-tax notice under section 143(1)(a) – It is issued for seeking response if there are certain errors/inconsistencies in the Income-tax return filed.
- Income-tax notice under section 139(9) – This Income-tax notice is issued if the Income-tax return filed is defective. For example, the Income-tax return is filed before payment of self-assessment tax.
- Rectification under section 154 – If the taxpayer has filed his Income-tax return and there is some mistake, such as TDS credit is not given, then rectification under section 154 is required to be filed.
- Income-tax notice under section 245 – This Income-tax notice is issued to communicate the adjustment of Income-tax refund against Income-tax demand.
- Income-tax notice under section 142(1) – This Income-tax notice is issued to seek certain documents and details from the taxpayer.
- Income-tax notice under section 148 – This Income-tax notice is issued when the Assessing Officer has a valid reason to believe that the income of the taxpayer has escaped assessment.
- Income-tax notice under section 156 – This Income-tax notice is issued for payment of demand after Income-tax assessment is completed and order is passed.
- Income-tax Notice under section 143(2) – If Income-tax notice under section 143(2) is issued, it means that the Income-tax return has been selected for scrutiny by the Assessing Officer.