It is very important to file the income tax correctly otherwise get several notices

It is very important to file the income tax correctly otherwise get several notices

C Times, 31 July 2017, Agartala

Income tax returns will have to be filed on or before 31 July. Punitive actions could be taken against defaulters. The IT department has said there would not be any extension as to the last date for filing the income tax return.

According to senior officers, over 2 crore returns have been filed electronically. The return can be filed by logging on to www.incometaxindiaefilling.gov.in.

However, the big question is, what if the income tax return is not filed in time? What kind of notices can the department send to defaulter?

It is very important to file the income tax correctly. You can get several notices in case the return is not filed properly. If the tax is not filed before 31 July 2017, a defaulter will receive notice under Section 234(F).

This is a new section that levies penalty on people who do not file their taxes before 31 July, Under this, Rs 5,000 (Five thousand) will be levied on people who file their return before 31 December and Rs 10,000 (Ten thousand) who do it afterwards.

The person will have to appear before the officer and take all the relevant documents with him or her. Under section 143(1A) is sent to taxpayers when some discrepancy is found between income and tax filed.

Taxpayers have to respond between 30 days. A person can respond on www.incometaxindiaefilling.gov.in. Documentary proofs will have to be uploaded on the website. Under section 139 (9), the notice will be sent to taxpayers if errors have been made in the filing of returns.

 

 

 

 

 

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