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Know More Income Tax Plan

Plan Overview

Our Income Tax Notices and Intimation Package is designed to provide you with expert assistance in navigating the complexities of income tax notices, appeals, and litigation. Whether you’re facing an income tax demand order or a TDS notice, our team of experienced tax professionals is here to guide you through the entire process, ensuring compliance and minimizing your tax liabilities.

Services Covered

  1. Income Tax Notices/Intimations
– Assistance with understanding and responding to various income tax notices. – Definition: Income Tax Notices/Intimations are formal communications issued by the tax authorities to inform taxpayers about various aspects of their tax returns, assessments, or compliance requirements. – Types of Notices:
  •   Intimation under Section 143(1): Notifies the taxpayer about the processing of their return and any discrepancies identified.
  •   Notice under Section 142(1): Requests additional information or documents needed for assessment.
  •   Notice under Section 148: Indicates that the tax authorities intend to reassess the income for a particular assessment year.
– Common Reasons for Issuance:   – Discrepancies: Mismatches between reported income and data available to tax authorities (e.g., TDS records).   – Incomplete Returns: Missing documentation or information that is required to complete the assessment.   – Audit Initiation: Triggered by specific criteria, leading to an examination of financial records.  Importance of Timely Action:   – Prompt and accurate responses can help mitigate penalties, ensure compliance, and prevent escalation to further legal action. 
  1. Income Tax Demand Order 
   – Support in analyzing demand orders and formulating appropriate responses.  Definition – An Income Tax Demand Order is a notice issued by the tax authorities, under section Section 156  indicating the amount of tax payable by a taxpayer based on their filed return or assessment. Reasons for Issuance:
  •  Discrepancies in income reported vs. assessed by the tax authorities.
  • Unclaimed deductions or exemptions that affect taxable income.
  • Adjustments made during the assessment process that increase tax liability.
  1. Notice of Deficiency
   – Help in addressing notices indicating deficiencies in your tax returns.
  • What is the notice of Deficiency?
A formal notification from the tax authority indicating that a taxpayer owes more tax than previously reported. Types:
  •  General Notice: 
  For standard tax discrepancies.  
  •  Statutory Notice:
  Required by law, allowing for court challenge.
  •  Audit Notice: Resulting from an audit’s findings.
  •  CP2000 Notice:  Suggests changes based on third-party information.
  •  Final Notice: Last notice before collection actions begin.
 Reasons for Issuance:
  •  Underreported income
  •  Disallowed deductions
  •  Calculation errors
  •  Unreported taxable events
  • Findings from an audit
  1. Filing of Income Tax Appeal
– Comprehensive assistance in preparing and filing appeals against adverse tax assessments. Filing of Income Tax Appeal What It Is ?: The process of challenging a decision made by the tax authority regarding tax assessments, penalties, or other tax-related issues.  Types: – Appeal to Commissioner (Appeals):   First level of appeal against assessment orders.
  •  Appeal to Income Tax Appellate Tribunal (ITAT):
  For appeals against decisions from the Commissioner (Appeals).
  •  Appeal to High Court: 
  Further appeal on substantial questions of law from ITAT decisions.
  • Appeal to Supreme Court:  
  Final appeal on significant legal issues.  Reasons for Filing an Appeal:  Disputed tax assessments or calculated dues 
  •  Incorrect application of tax laws
  •  Denial of deductions or exemptions
  •  Imposition of penalties deemed unjust 
  • Disagreements with audit findings
Filing an appeal should be done within specified time limits and with proper documentation. 5.TDS Notice    – Guidance on notices related to Tax Deducted at Source (TDS) and compliance requirements. What is TDS Notice? Tax Deducted at Source (TDS) notices are letters from the Income Tax Department to taxpayers or deductors about anomalies or concerns with TDS compliance. These letters are given to ensure that taxpayers follow the TDS regulations outlined in the Income Tax Act and to correct any errors or non-compliance discovered by the tax authorities. Here is a thorough overview of the TDS notices.  Types of TDS Notice
  1. TDS Default Notice: Issued for failure to deduct or deposit TDS.
  2. TDS Demand Notice: Communicates outstanding TDS amounts due.
  3. TDS Reconciliation Notice: Requests clarification on discrepancies between TDS returns and taxpayer records.
  4. Notice for Late Payment of TDS: Issued for late deposits of TDS, may include penalties.
  5. Show Cause Notice: Seeks explanation for non-compliance or discrepancies.
  6. Intimation under Section 200A: Notifies discrepancies in TDS returns filed, including calculation errors.
Timely responses to these notices are essential to avoid penalties and legal issues.
  1. Tax Litigation
   – Representation and support in tax-related litigation matters. Tax litigation refers to the legal process through which disputes between taxpayers and tax authorities are resolved in a court of law. It typically involves disagreements over tax assessments, claims, or the interpretation of tax laws. Types of Disputes:
  • Assessment Disputes: Challenges against tax assessments made by authorities.
  • Refund Claims: Disputes regarding the denial of tax refunds.
  • Penalty Appeals: Contesting penalties imposed for non-compliance or late payments.
  • Transfer Pricing Issues: Disputes involving pricing of intercompany transactions.
  1. Tax Court Matters
   – Professional representation in tax court for disputes and appeals. Tax court matters refer to legal proceedings that occur in tax courts, where disputes between taxpayers and tax authorities are adjudicated. These cases often involve issues related to tax assessments, penalties, and compliance with tax laws. Types of Tax Courts Matters:
  • Tax Court: Specializes in hearing disputes involving federal tax issues. Taxpayers can challenge IRS decisions without having to pay the disputed tax first.
  • State Tax Courts: Handle disputes related to state-level taxes, such as income tax, sales tax, and property tax.
Common Issues Addressed:
  • Disputed Tax Assessments: Taxpayers can contest assessments made by tax authorities.
  • Penalties and Interest: Challenges against penalties imposed for late payments or non-compliance.
  • Claim Denials: Disputes regarding the denial of tax deductions, credits, or refunds.
Tax Refund Claims: Taxpayers can seek refunds for overpaid taxes. Process 
  1. Initial Consultation
– Schedule a consultation to discuss your specific needs and concerns regarding tax notices and litigation.
  1. Assessment of Documents
– Gather and review all relevant documents related to the income tax notice or demand.
  1. Preparation and Filing appeals
– Prepare necessary documentation and file responses or appeals within the stipulated deadlines.
  1. Representation
– Provide representation during hearings or discussions with tax authorities, if necessary.
  1. Follow-Up
– Maintain communication to track the status of your case and ensure timely resolution.

Frequently Asked Questions

Choosing B.choise  ensures expert guidance in navigating income tax complexities. We provide tailored solutions for income tax notices, demand orders, appeals, and litigation. Our dedicated team of professionals offers personalized support to help you comply with tax laws and minimize liabilities. Trust us to manage your income tax matters effectively, allowing you to focus on your business’s success.

Immediately review the notice and consult a tax professional for guidance on how to respond.

The response time varies depending on the type of notice. It’s essential to check the notice for specific deadlines.

Yes, you can file an appeal against a tax demand order. We can assist you in preparing and submitting the appeal.

Missing a deadline can lead to penalties. Contact us immediately to discuss possible remedies.

Our experienced tax professionals will represent you, ensuring your interests are advocated effectively in court.

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