How do you respond to notice under section 139 9?
How do you respond to notice under section 139 9?
Response to Defective Notice u/s 139(9)
- Go to the ‘e-File’ menu and Click ‘Response to Notice u/s 139(9)’
- Details such as ITR, A.Y, e-Filing Acknowledgement No., CPC Reference Number, Notice Date, Status and Response are displayed.
- All the identified defects from the filed ITR is displayed to the taxpayers.
What is Section 139 of IT Act?
1) Section 139(1) – Mandatory and Voluntary Returns Every person who has a total income that exceeds the exemption limit is liable to furnish Income Tax Return within the due date. Any private, public, domestic or foreign country located and/or doing business in India.
How do I file a 139 9 return?
Step 1: Open the income tax e-filing website and log in to your account with User ID and password. Step 2: Click on ‘e-File’ tab and select the option ‘e-File in response to notice u/s 139(9)’. A list of defective return notices will be displayed based on your case.
What happens if you don’t respond to tax notice?
If you don’t respond to the tax notices within the time allotted, there can be various implications. “Non-compliance of a tax notice would attract penalty of ₹ 10,000 and may lead to judgement assessment by the tax officer,” said Agarwala. In some cases, “prosecution up to one year may also apply,” said Gupta.
What happens if you don’t respond to 139 9?
Section 139(9) of the Income Tax Act, 1961 states that when a return is found defective, the A.O. gives you a period of 15 days to correct the mistake. The return can be considered defective for one or many reasons as stated below.
What is Section 139 9 in income tax?
If your return is found defective, the Income Tax Department will send you a defective notice under section 139(9) of the Income Tax Act via an email on your registered email id or post and the same can be viewed by logging in on the e-filing portal.
Are you filing under 139?
As per the 7th Proviso to Section 139 (1), it is mandatory to file the income tax return for a certain class of people who carries out certain high-value transactions mentioned in the section even though their total income is below the basic exemption limit (who are otherwise not required to file the income tax return) …
What is the meaning of seventh proviso to Section 139 1?
The Finance Act (No 2) of 2019 has inserted Seventh Proviso to Section 139(1) of Income Tax Act to make it mandatory to file income tax return once the expenditure/transaction amount exceeds the prescribed threshold. The taxpayer has to file income tax return and disclosure required in the return.
How do I respond to a tax demand notice?
Step-by-Step Guide to Respond to a Demand Notice
- Step 1 : Login to your e-filing account on www.incometaxindiaefiling.gov.in with user ID and password.
- Step 2: Click on ‘E-file’ and go to ‘Respond to Outstanding Tax Demand’.
- Step 3: Click on ‘Submit’ for the relevant assessment year.
- Option 1 – Demand is correct.
What happens if ITR form is wrong?
A mistake made at the time of filing ITR can be corrected by filing revised ITR. Section 139(5) of the I-T Act states that after filing their return if someone discovers any omission or wrong statement, he can furnish a revised return.
What is the normal due date of furnishing the return u/s 139 1 for a company?
31st July
Due date of furnishing return of income in case of a non-working partner shall be 31st July of the assessment year whether the accounts of the firm are required to be audited or not.
