1. How to deal with Income Tax Notice under Section 143(3)

In the present scenario, the Income tax department has started scrutinizing returns under Sec.143 (3) so that people become serious in complying with tax regulations. In response to the notice, you are required to produce documents in support of your investments, claim for tax deductions allowance and your source of income in the year.

2. Validity of Income Tax Notice under Section 143 (3)

An income tax notice served under Sec.143 (3) had to be issued by the income tax department within 6 months of the relevant assessment year for which the tax returns was led.

Therefore, you should check the validity of the notice issued as well as the duration within which you need to respond to the assessing ocer. If it is served after those last 6 months of the assessment year, then it is considered as invalid.

3. Way to respond when you get an Income Tax Notice under Section 143 (3)

If the income tax computations made by you are correct, then you just need to respond in the following manner:

1. Collect all the details of IT computation which you would have computed while calculating it earlier. In case you are an employee, Form 16/16A would be helpful in getting all the details as the computations are already done by your company.

2. Prepare a covering letter and indicate all the annexures attached with the reply letter.

3. If any of your income tax dues are pending with the income tax department, you can also mention it in the covering letter.

4. Submit the ????le to the Assessing ocer. Remember to keep its copies before submitting.

5. Take the acknowledgement copy from the Assessing ocer for your own records.

However when you are not sure about the treatment of any particular receipt not shown in income tax return, you should seek professional’s advice instead of directly approaching to the Assessing ocer. They can help you to resolve such income tax notices faster and in an accurate manner.