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12.11 - 11:29
Got an income tax intimation notice after ITR filing? Here’s what you need to check in it first
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How to read an Income Tax notice? After processing the income tax returns filed by taxpayers, the income tax department sends an intimation notice to them under Section 143(1) of the Income Tax Act, 1961. The tax department sends this intimation notice to the taxpayer’s registered email ID. An SMS is also sent to the taxpayer’s registered mobile number informing him/her about the intimation notice sent to the registered email ID.
The income tax intimation notice informs the taxpayer whether the income tax calculation given by him in the ITR matches with that of the tax department, basis the information it has. While processing the ITR, the tax department checks arithmetical errors, inconsistencies, tax and interest calculations. The
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