Paisa Wasool 2.0: Received Income Tax notice? What they mean and how taxpayers should respond
Zee Business Video Team | Updated: August 20, 2023 11:58 AM IST
After the Income Tax Filing deadline ends, the I-T department scrutinizes the I-T returns to ensure compliance with tax laws and to track mistakes or instances of tax evasion in the ITRs. In case of any discrepancy, the tax department sends notices to taxpayers who then have to respond promptly to avoid penalty or legal action. In this video we discuss the meaning of common Income Tax notices and how taxpayers should respond to them.