Got a notice for 'defective' I-T return ? how to fix it.

 

GOT A NOTICE FOR 'DEFECTIVE' 

I-T RETURN? HOW TO FIX IT.

Several taxpayers have received notices over “defective” income-tax returns (ITR). Let’s understand what they mean and what should be done.

What’s defective return notice?

The tax department sends it when it finds mistakes or inconsistencies in your ITR- missing or conflicting information, errors in calculations, or other issues – to prompt a correction. You have to respond to this notice, within 15 days or seek an extension.

Missing the deadline

If you fail to correct the defect before deadline, your return may be treated as invalid, potentially leading to interests, penalty, non-carry forward of losses and forfeiture of specific exemptions.

Steps to fix defective ITR:

• Go to ‘e-proceedings’ tab on the e-filling portal and select “View Notices/Orders”.
• Understand the specific errors identified by the I-T department.
• Gather all required documents and information to address the issues raised.
• Select the notice in the ‘e-proceedings’ and choose the appropriate response option, upload the required documents.
• After making all necessary adjustments, submit the revised return.

For More Details: Pooja Manoj Gupta, visit www.giia26.com

Email: pmgiia26.com Mobile  9868944340