Income tax is a crucial part of a nation’s revenue system, and the Income Tax Department monitors tax compliance diligently. A taxpayers may receive an Income Tax Notice due to discrepancies or issues found in their returns or financial transactions. Receiving a notice doesn’t always mean trouble, it may simply be a routine verification. However,… Continue reading Why Did You Get an Income Tax Notice? Causes & Expert Solutions
1. Introduction to Defective Returns A defective return is an income tax return (ITR) which has already been filed but it contains various errors or mistakes, making it non-compliant in relation to requirements stipulated under the Income Tax Act. These errors may arise due to various reasons, such as wrong information, missing data entry, or… Continue reading What is Defective Return and How to Rectify the Defects in Defective Return
We have launched a range of Chartered Accountants Services for families along with a complete income tax filing product suite covering ITR-1 to ITR-7. With the launch of our families division, we aim to help millions of Indians with financial literacy, compliance and investment.
Enquiry Now
