How do I respond to Notice 142(1)?

How do I respond to Notice 142(1)?

If the notice is issued with respect to not filing the returns, then the Assessee has to file the returns within a stipulated period of time given in the notice, and a copy of it must be submitted to the AO along with the relevant proofs and documents.
If the notice is issued for any documents required, the assessee has to produce such documents before the AO. The assessee gets a chance to put his side of the case to the AO in respect of any findings of the inquiry.

    • Related Articles

    • How should I respond to Tax Notice 139 (9)?

      In case of defective notice 139 (9), the I-T Dept gives you a chance to rectify your returns within a stipulated time. Failure to do so will render your I-T returns as invalid. To respond, log in to the government’s e-filing website and follow the ...

    • How do I respond to Tax Notice 143 (1)?

      On receiving an intimation u/s 143 (1), you must firstly ensure that all your details are correctly mentioned. If there are any mistakes, you must file a revised return on the government’s e-Filing website, and pay the balance amount. However, if ...

    • What will happen if I ignore the Tax Notice 143 (2)?

      There are serious consequences of not responding to Tax Notice 143(2). Some are listed below: Penalty on failure to respond - ₹10,000 u/s 272A Best Judgement Assessment can be carried out by AO, resulting in increased taxable income Contesting the ...

    • What are the consequences of not responding to Notice 142(1)?

      There are severe consequences of not complying with the demands of Notice 142(1). You may be charged a penalty of ₹10,000 u/s271(1)(b) The Assessing officer, on the basis of all the relevant information and proofs gathered by him, will give a “Best ...

    • What will be the consequence if I do not respond, or pay the additional amount demanded u/s 156?

      Failure to respond to the 156 Tax Notice Demand will attract the following penalties Interest up to 1% on the demanded amount after 30 days expiry time (u/s 220). Penalty less than the tax demanded u/s 156, amount being determined by the Assessing ...