An Income Tax Notice is a formal communication sent by the Income Tax Department to a taxpayer to inquire about their income, deductions, or any discrepancies found in their income tax return. These notices can be issued for various reasons, such as to request additional information, clarify a mismatch in the information provided, or to initiate a scrutiny or assessment of the taxpayer's financial records.
Receiving an income tax notice can be concerning, but it is important to respond to it promptly and accurately. Ignoring a notice can lead to penalties, legal action, and a more detailed investigation by the tax authorities. Professional assistance can be crucial in understanding the notice and preparing a proper response.
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