Income Tax Notices Management

If you are able to recognize any errors made while submitting your return based on the 143(1) intimation, you can correct them by filing a revised return.

However, if there are no mistakes and you disagree with the adjustments made by CPC/computerized system, you can submit an online rectification application under Section 154 to inform about the correction of the mistake mentioned in the Section 143(1) intimation.

Our team of professionals will assist you throughout each stage of the procedure.

Notice u/s 143(2) is issued to you by the Income Tax Department when your Income Tax Return is selected for scrutiny assessment or detailed assessment u/s 143(3).

Upon receiving a Section 143(2) notice: –

• You must provide supporting documentation for the deductions, exemptions, allowances, reliefs, and other claims made in your tax returns.
• Proof of all your sources of income is essential.

The Assessing Officer conducts a thorough examination.

In case you need expert assistance, our team of experts will assist you.

Firstly, check the notice for reasons to believe which are recorded by the Assessing Officer for issuing notice u/s 148. If the notice doesn’t include the reasons, then you could request the assessing officer to send a copy of the recorded reasons.

You can respond to the notice by providing documents and explanations to support reported income. You can also challenge the notice if you think it is incorrect.

Our experts will guide you, represent you in front of tax officials throughout the entire proceeding.

You can choose to submit the documents in person at an office of the income tax department. Alternatively, you can submit your response online through the official e-filing portal.

• Go through the notice carefully to understand the reason behind its issuance.
• Collect information about all sources of your income by going through your bank statements.
• Be honest and never give misleading statements in your response.
• If you cannot submit the required information within the given time, ensure to contact the income tax department to request an extension.
• If you have contracted a professional like a chartered accountant or tax advisor to file taxes, you need to submit their name and contact details in your response.

If you have doubts about how to form a response to a notice u/s 133(6), our tax experts are available to assist you.

An Intimation under Section 245 of the Income Tax Act pertains to the mechanism of adjusting tax demands against a taxpayer’s pending refunds. This intimation is received when you have a tax demand pending from the IT department or when you have claimed a refund from them for some other assessment year.

When you receive an intimation under Section 245, go through its details and the time provided to respond back to this intimation. The outstanding demand will be considered for adjustment against your refund if you miss the deadline to respond to the intimation. There are two responses you can give to the intimation: Demand is correct and Disagree with demand (either in full or in part).

Reach out to us support@taxunplug.com in case you have received an intimation under section 245 and need help to respond to it.

High-value transactions are financial transactions which exceed a certain threshold set by the Income Tax Department.

As per Income Tax department, following will be considered as high-value transactions if they exceed the following limits:

• Savings bank account deposits: ₹10 lakh in a financial year
• Current account deposits or withdrawals: ₹50 lakh in a financial year
• Fixed deposits/ Recurring deposits: ₹10 lakh in a financial year
• Investment in shares, debentures, bonds, or mutual funds: ₹10 lakh in a financial year
• Credit card bill payment:

In cash: ₹1 lakh in a financial year

Other than cash: ₹10 lakh in a financial year

• Purchase and sale of immovable property: ₹30 lakh in a financial year.

Foreign currency: ₹10 lakh in a financial year

Suppose you are aggrieved by the order of an Assessing Officer (AO). In that case, you can file an appeal to the Commissioner of Income Tax (Appeals) by submitting duly filled Form 35 online on the e-Filing portal.

Our tax experts will act as your authorized representative and guide you through the entire appeal process.

Suppose you are aggrieved by the order of CIT(Appeals). In that case, you can file an appeal to the Income Tax Appellate Tribunal.

Our tax experts will act as your authorized representative and guide you through the entire appeal process.

Suppose you are aggrieved by the order of Income Tax Appellate Tribunal. In that case, you can file a writ petition to the Jurisdictional High Court.

Our tax experts will act as your authorized representative and guide you through the entire process.

We at TaxUnplug are a team of best Tax Consultants, Financial Advisors offering Indian Taxation Services, Income tax filing service to the manufacturers, Traders, Dealers and service providers. We are Tax consultants dealing with services in Income Tax, GST, TDS Returns, NRI / HNI Tax Consultation, Income Tax Notice Management, GST Notice Management, Virtual Accounting, Audit Certifications, Project reports, new company incorporation, Partnership registration and other registrations.

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