Wednesday, May 30th, 2018

 

Five income tax notices you can get and what they mean

It is that time of the year when you may have received a notice from the income tax department. However, unless you have hidden some income from the department or not filed your taxes, you need not worry. Most of these notices are routine and are regarding mistakes you may have made while filing income tax returns (ITRs), especially for assessment years (AY) 2016-17 and 2017-18, or clarifications related to your ITR. The last date for filing returns for AY17 and AY18 was 31 March 2018. According to the incomeRead More