What to do when you receive an Income Tax notice?

What to do when you receive an Income Tax notice? Click Here to Apply It Return http://goo.gl/forms/rxLDtf74To

✔ Check the basics • Is it really your name on the notice? • Is your PAN number mentioned correctly? • Which assessment year is it meant for? • Who is the issuing officer? What is their designation? • Is there a document identification number? What is it? ✔ Figure out the discrepancy • If a particular row shows different amounts in these two columns, that is the source of your discrepancy When can you expect to hear from the IT department? ✔ TDS Amount Error  The most common issue with returns filed is often a mismatch in the TDS amounts. Sometimes your employer or deductor may have delayed or made a mistake filing their TDS returns. If that is the problem with your return too, request your employer to revise the TDS amount credited to you. ✔ Discrepancy in Return Filed by you  If the discrepancy is with the amounts declared by you in the returns you filed, try to understand the difference.  Differences may arise because: • You may have forgotten to declare some incomes, like Interest from FDs