Got an income tax notice? Here are common types of tax notices and what to do to avoid penalties

Income tax notices can be daunting, but understanding them is crucial. The Income Tax Department issues various notices for reasons like mismatches, pending dues, or inquiries. Prompt action, accurate information, and expert help when needed are essential to avoid penalties and ensure compliance. Addressing these notices can effectively safeguard you against further complications with the Income tax department

from Tax-Wealth-Economic Times https://ift.tt/Sk5b2tz