# notice
18 posts in `notice` tag
AI Notice Mitra Simplifying Income Tax Notices
The platform aims to make things easier for taxpayers by using advanced AI tools to detect possible reasons for income tax department notices.
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By Krishna
Income Tax Department Carification Incorrect Tax Notices Section 80p Claims
Many people gathered on X (Formerly Twitter), a social media platform, and shared that they got notices related to Section 143(1)(a)(ii) of the Income Tax Act, 1961.
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By Krishna
Tax Liability Notice's Impact on Share Price and Financial Performance
This notice cites a tax liability of Rs 273.44 crore under Section 74(1) of the Central Goods and Services Tax Act. The notice also includes interest charges and a penalty.
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By Krishna
Avoid Tax Notice: How to Manage Changes and Amend Returns After Submitting Tax Return
The Annual Information Statement (AIS) was introduced in March 2023 alongside the e-verification scheme, and it has become a key component of the ITR filing process.
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By Krishna
How to Check and Respond to Income Tax Notices Online: A Comprehensive Guide
The Income Tax Department delivers notices for various reasons such as not filing the income tax returns, any fault, documents missing while filing the returns, or other instances where the tax department demands any other documents or information.
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By Krishna
Income Tax Department Sends 1 Lakh Notices for Non-Filing and Misrepresentation of Income
Union Finance Minister Nirmala Sitharaman: Some people received notices from the tax department because their income was close to Rs. 50 lakhs. These notices are expected to be resolved by the end of this financial year.
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By Krishna
Deposit 2000 notes without attracting income tax notice
Notice
RBI: There has been a decrease in the overall worth of Rs. 2000 notes in circulation, accounting for approximately 10.8% of the total as of March 31, 2023, which is around Rs 3.62 lakh crore.
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By Krishna
GST notice farmer pan misuse payment demand
A person living in Lathi village, located in the Jaisalmer district, experienced a state of disbelief when they received a show-cause notice from the goods and service tax (GST) department.
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By Krishna
Ignoring Income Tax Notices
The department has explicitly stated that individuals who disregard income tax notices will be subject to thorough scrutiny regarding their Income Tax Returns (ITR).
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By Krishna
BE AWARE! The income tax department can Deliver Notice even on your friend’s transaction
Receiving notices from the Income Tax Department is a common occurrence, and sometimes these notices are issued for transactions that you haven't actually made. This can happen to anyone, causing a sense of anxiety. However, there's no need to panic excessively. In a special program called CNBC Awaaz Tax Guru, tax expert Sharad Kohli shared valuable insights on how to address this issue. Let's find out what steps you need to take to resolve the situation.
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By Krishna
Steps to handle the Show Cause Notice (SCN) In GST
Handling a Show Cause Notice (GST) is a crucial aspect of compliance and legal procedure. When an authority suspects non-compliance or irregularities in GST filings, they issue an SCN to the concerned taxpayer. This notice outlines the alleged violations and provides an opportunity for the taxpayer to present their case and provide explanations or evidence to refute the allegations.
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By Krishna
GST Authorities Broadens Investigation Against Insurers, 10 More Firms to Get Notices Soon
DGGI has uncovered a tax evasion amounting to Rs 2,500 crore by insurers. Out of this sum, the companies have voluntarily paid nearly Rs 750 crore.
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By Krishna
Physical Verification in Indian GST
The Indian GST Department has recently released a new advisory titled "Guidelines for Special All-India Drive against fake registrations" (Instruction No. 01/2023-GST dated 04-May-2023). This advisory aims to address tax evasion and verify the authenticity of businesses.
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By Krishna
File GSTR-10 Final Return Before 30/06/2023 To The Avail of GST Amnesty
Since its implementation, the Goods and Services Tax (GST) has transformed the indirect tax landscape in India. Nonetheless, numerous businesses have encountered difficulties in adhering to the GST regulations, resulting in the non-filing or inaccurate filing of returns.
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By Krishna
How to Handle GST Return Scrutiny Notice-ASMT-10
If you are registered under GST, it is mandatory for you to submit GST returns as per the regulations of GST law. Nevertheless, there might be situations where you receive a scrutiny notice, specifically ASMT-10, to examine the correctness and comprehensiveness of your GST returns.
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By Krishna
Karnataka HC Directs To File a Revocation Application: Cancellation of GST Registration on Non-Filing of Tax Returns
In the recent GST notification regarding the revocation of GST registration, the Karnataka High Court has granted permission to file cancellation applications. Applications filed outside the time limit can now be resubmitted if the cancellation of registration occurred before December 31, 2022.
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By Krishna
Income Tax Notice: How do I know if I have an Income Tax Notice, Relevant Documents & Types
Once a taxpayer submits their Income Tax Return (ITR) to the department, it undergoes processing. Subsequently, the taxpayer may receive a notice from the department, which could either be an Intimation or scrutiny.
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By Krishna
Statutory and Compliance Calendar For The Month of December 2022
As we all know that complying with the compliance deadline is very important and mandates the appropriate planning. Therefore to keep updated on the various statutory and compliance deadlines we have put together a consolidated compliance calendar that shows all the important due dates.
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By Krishna