09 June 2023
Dear Experts, One of my family members has recently received ITR Notice of 143(2)/144B and request your expert opinion on the same. exact wording of the notice as follows : "You may submit or cause to submit any evidence on which you may rely in support of your return of income electronically in "Eproceeding " facility through your account in e-filling website . " it is advised that you should gather all the information ,documents,evidencs etc in respect of various financial transactions you have entered during the assessment year under consideration., which may be relevant for the scrutiny proceedings,Detailed questionnaires or communication may be issued during the course of the assessment" However this is no specific mention of Limited or Detailed scrutiny in the notice or any specific question.Kindly let me know your suggestion on this . Thanks Nitish
09 July 2024
The notice your family member received, as per the description, appears to be a standard communication from the Income Tax Department regarding scrutiny assessment under section 143(2)/144B of the Income Tax Act, 1961. Here are some key points and suggestions based on the notice provided:
### Understanding the Notice:
1. **Nature of Notice**: The notice indicates that the Income Tax Department intends to scrutinize the return of income filed by your family member for the assessment year under consideration (which typically means the last completed financial year for which the return was filed).
2. **Eproceeding Facility**: The notice advises using the Eproceeding facility on the e-filing website to submit any evidence or documents in support of the return of income. This is a digital platform where taxpayers can respond to queries and submit documents online.
3. **Preparation**: Your family member should gather all relevant information, documents, and evidence related to financial transactions reported in the return of income. This includes income earned, deductions claimed, investments made, etc., during the assessment year.
4. **No Specific Mention of Scrutiny Type**: The notice does not explicitly mention whether the scrutiny is limited or detailed. However, the mention of gathering all relevant information suggests that it is likely a detailed scrutiny where the assessing officer may review all aspects of the return more comprehensively.
### Suggestions:
Given the notice received, here are some suggestions for your family member:
- **Review the Return**: Thoroughly review the income tax return filed for the relevant assessment year to ensure all income, deductions, and other details are accurately reported.
- **Document Gathering**: Collect and organize all supporting documents, such as income statements, bank statements, investment proofs, rental agreements, loan documents, etc., which substantiate the information provided in the return.
- **Respond Timely**: Use the Eproceeding facility to respond to the notice promptly. Login to the e-filing portal with your family member's account credentials, navigate to the relevant section for responding to notices, and upload the required documents electronically.
- **Seek Professional Help if Needed**: If your family member is unsure about any aspect of the notice or needs assistance in preparing a response, it's advisable to consult with a tax professional or a chartered accountant who can provide guidance and ensure compliance with the Income Tax provisions.
- **Be Prepared for Detailed Queries**: While the notice does not specify detailed queries yet, be prepared for potential questions related to specific financial transactions, income sources, deductions claimed, etc. The assessing officer may seek clarification or additional information during the scrutiny process.
### Conclusion:
It's crucial to handle the scrutiny notice with diligence and ensure all requested information and documents are submitted accurately and within the stipulated timelines. Compliance with the Income Tax Department's requirements and maintaining transparency in providing information will help in resolving the scrutiny smoothly. If there are any doubts or uncertainties, seeking professional advice can provide peace of mind and ensure the process proceeds smoothly.
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