Now Reading: Filed ITR on time? Three reasons you may still get a tax notice
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Filed ITR on time? Three reasons you may still get a tax notice
Even after filing your income tax return (ITR) on time, you may still receive a notice from the income tax department. According to ndtvprofit.com, there are three reasons why this can happen.…
The Story in Brief
Even after filing your income tax return (ITR) on time, you may still receive a notice from the income tax department. According to ndtvprofit.com, there are three reasons why this can happen. The article advises that the first step upon receiving such a notice is to verify its authenticity on the official income-tax e-filing portal. This ensures you are not dealing with a fraudulent notice and allows you to respond correctly through the system.
The Indian Opinion
Tax notices often trigger complaints that the system is out to harass honest filers. But the reality is far more mundane: most notices arise from genuine data mismatches between what you declared and what employers or banks reported. The department also sends automated queries for minor errors. Instead of assuming malice, taxpayers should welcome the verification step, it protects against fraud. The real test will be whether the number of such notices falls as pre-filled returns improve and data reconciliation becomes smoother. Will the department eventually reduce this friction, or will notices remain a permanent feature of filing season?
Source: ndtvprofit.com
This story was synthesised by AI from the source linked above.
