Income tax notice: There have been some instances of people receiving a fake income tax. Save yourself from this scam and learn how to spot a fake income tax notice. For example: a real income tax notice will never have a payment link inside it. Read here to know more about real income tax notices.
Income tax return: The tax department has released a circular which outlines the criterias and procedure to be followed if a particular income tax return (ITR) is to be selected for scrutiny. These guidelines also includes the procedure and criteria to be followed for section 142 (1) income tax notice.
Financial Literacy News: The Income Tax department has found many cases where the rent received doesn't match the House Rent Allowance (HRA) claimed by taxpayers. Because of this, many people have received notices through the 'e-verification' system on the department's compliance portal.