What is a Tax Notice?

A tax notice is an official communication from the Income Tax Department or other tax authorities indicating issues related to your tax returns or financial records. The notice can be sent for various reasons, including income mismatches, errors in filing, TDS discrepancies, or the need for additional information or verification.

Why Did You Receive a Tax Notice?

Income Mismatch or Discrepancy

A difference in the income declared in your tax return and the data available to the Income Tax Department.

Non-Disclosure of Income or Assets

Failure to disclose certain incomes (e.g., capital gains, rental income) or assets (e.g., foreign accounts) as required by tax law.

TDS Mismatch or Errors

Mismatch in Tax Deducted at Source (TDS) between your return and the data available with the tax authorities.

Errors in Filing or Documentation

Incorrect or incomplete details in your return, such as errors in name, PAN, address, deductions, or other tax-related information.

"Quick, accurate, and stress-free resolution for all your tax notices—trust Care Corporates."

• Notice for Defective Return (Section 139(9)): If your income tax return has been filed with errors, omissions, or incorrect information.

• Notice for Assessment or Reassessment (Section 143(2) & Section 148): To scrutinize and assess your tax returns or to reassess escaped income.

• Notice for Outstanding Demand (Section 156): If you have unpaid tax liabilities or penalties that need to be cleared.

• Notice for TDS Mismatch: Issued if there is a mismatch between the TDS claimed in your return and the data available in the income tax records.

• Notice for Income Mismatch (Section 143(1)(a)): If there is a difference between the income declared in your return and the data available with the tax authorities.

Some common types of tax notices include

How to Respond to a Tax Notice

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Review & Analysis of Notice

Our team carefully reviews the tax notice, analyzing the nature of the issue, its implications, and the required course of action.

Document Collection & Verification

We assist in gathering necessary documents, financial statements, and previous tax filings to verify the accuracy of the notice and identify any discrepancies.

Drafting & Submission of Response

Based on the analysis, we prepare a detailed and accurate response or rectification, ensuring all supporting documents are attached and the response is submitted within the stipulated time.

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Liaising with Tax Authorities

If required, we engage with the Income Tax Department or relevant tax authorities to resolve the issue, clarify any queries, and ensure a smooth resolution process.

"From notice review to response submission—Care Corporates ensures smooth tax compliance."

Ongoing Support & Monitoring

We provide continuous support until the notice is resolved, including any follow-up submissions, appeals, or updates to your financial records.

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Need Help with a Tax Notice?

If you have received a tax notice, don’t panic—let Care Corporates assist you in responding promptly and effectively. Contact us today to schedule a consultation and get professional support for your tax notice resolution.

Schedule a Free Consultation today to learn more about how we can help you get started.