What is the time limit for responding to Demand Notice 156?
You must pay the demanded amount within 30 days’ time. Failure to do so will attract penalties.
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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 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 ...
Why did I get a Tax Notice u/s 156?
A Demand Notice u/s 156 is sent to you by the I-T Dept. for demanding payment for any additional tax liability, interest or penalty that may be levied on you. This demand is raised by your assessing officer in respect of any assessment order for ...
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 ...
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 ...