by SPCC Editorial Team | Oct 29, 2025 | Income Tax Notice
TL;DR Income‑tax return scrutiny notices are routine but require swift, accurate action. Follow a four‑step method: read the notice, collect supporting documents, reply within the stipulated period, and involve a tax professional if needed. Identify the exact query...
by SPCC Editorial Team | Oct 29, 2025 | Income Tax Notice
Income Tax Scrutiny Under Section 143(2): Simple Guide TL;DR Section 143(2) scrutiny is a post‑return review by the Income Tax Department to verify the correctness of the return. Typical triggers include high‑value cash transactions, mismatched TDS/TCS, and large...
by SPCC Editorial Team | Oct 24, 2025 | Income Tax Notice
Introduction For business leaders and process‑improvement professionals in India, a notice from the Income Tax Department is more than a paperwork hiccup—it can signal a risk to cash flow, compliance reputation, and operational continuity. The moment you have received...
by SPCC Editorial Team | Oct 24, 2025 | Income Tax Notice
Introduction For business leaders and process‑improvement professionals in India, a tax notice is not just a regulatory hiccup—it is a signal that a core compliance process needs attention. The good news is that the Income Tax Department’s e‑proceeding platform lets...
by SPCC Editorial Team | Oct 24, 2025 | Income Tax Notice
Introduction For Indian business leaders and process‑improvement professionals, tax compliance is not just a statutory obligation—it is a strategic lever for risk mitigation and operational efficiency. Sections 143(1), 143(2), 139(9) and 148 of the Income Tax Act...
by SPCC Editorial Team | Oct 24, 2025 | Income Tax Notice
Introduction For business leaders and individuals in India, an income tax notice is more than a paperwork inconvenience. It can disrupt cash flow, stall strategic initiatives, and erode stakeholder confidence. While the Income Tax Department (ITD) sends notices for a...
