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A comprehensive list of frequently asked questions on Scrutiny Notice u/s 148 Response Service .
If the income tax assessing officer or any prescribed Income tax officer considers that it is necessary to ensure that the taxpayer has not understated his income or has not computed excessive loss or has not underpaid his tax, he can issue a notice for scrutiny.
The following are the types of notices that any taxpayer might receive
Generally, the taxpayer will receive notice to explain the reason of not filing income tax returns and high value transactions entered during the financial year. The Income Tax department will issue the notice with name "Enquiry u/s 148A(a)".
No, All the notices are not interlinked. But if your case is selected for scrutiny u/s 148, the notices u.s 143, 142(1) and section 144 will follow the initial notices.
There is no fixed time limit for the notices to be closed. It depends on the Income Tax Departmental officers own judgement. Generally it takes minimum 12 months to 24 months to receive the final order from Income Tax Department.
Disclaimer: This article provides an overview and general guidance, not exhaustive for brevity. Please refer Income Tax Act, GST Act, Companies Act and other tax compliance acts, Rules, and Notifications for details.