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Reasons For Income tax Notice | IndianMoney.com | Sana Ram

Have you got a notice from the income tax department? Does this bother you? Why have you got this income tax notice? Is it because of some mistake you have made?Popular mistakes made include, not filing ITR in time, errors in calculation, not reporting income properly or even claiming excessive losses.Taxpayers generally get income tax notices under Section 139(9), 143(1), 143(2), 143(3), 245, 144, 147 and 148 of Income Tax Act, 1961. The income tax notices are for concealing taxable income, computing excessive tax losses, LTCG or Long Term Capital Gains and so on.

 
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