The Income Tax Department is now focusing more on our expenses (cash and digital) than ever before. Therefore, if you make a small mistake while filing your income tax return, you are more likely to get a notice from the department. If you get a notice from the department, there is no need to worry about it. The department will give you scheduled time to protect yourself.
Tax and investment expert Jitendra Solanki says, ‘The Income Tax Department can send notice to our digital and cash channels. As soon as the notice arrives, you must first understand its cause. After receiving the reason, log into the Income Tax Portal and check the 26 AS Form there. Solanki says that once you know the reason, you have to protect the taxpayers themselves. Taxpayers can present their case on the home page of the Income Tax website.
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In such a situation, the question arises as to what should be done when a notice against cash transactions is made. Commenting on the situation, Dr Suresh Surana, RSM founder, said, “There are many limitations in trading. If you violate any of these terms, the taxpayer will receive the information via SMS or e-mail. For such instructions, the taxpayer can provide their answers in this manner, according to Dr.
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Step 1: Login to the Income Tax Portal. Incometaxindiaefilling.gov.in.
Step 2- First click on E-Campaign – High Value Transaction and then go to Compliance Portal and open My Account tab.
Step 3: Taxpayers have to choose the financial year. All the information is displayed as soon as you click the OK button.
Step 4- Taxpayers have to choose from these options according to the case.
ಮಾಹಿತಿ The information is correct.
Complete information is not completely correct.
Person Information related to the final person or year.
ಮಾಹಿತಿಯನ್ನು The information is copied.
• Information is not acceptable.
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Step 5- The taxpayer must clarify the source of the information. Transaction amount or whatever. After this, information such as PAN Card, Person Relationship is required under Option C.
Step 6- The information provided is available under the e-Promotion tab.