If you are among the 1.1 million of the 1.8 million who have not responded to the first round of emails and SMS messages of the Income Tax (I-T) department, the latter would have dispatched another letter to you. Media reports suggest verification notices may also be sent out to a new set of people this month. If your initial replies are found to be dissatisfactory, you may have to answer follow-up queries from the taxman. All this makes it essential that you understand how the taxman will verify your explanations, the level of in-depth enquiries he can conduct, and the need ...
TO READ THE FULL STORY, SUBSCRIBE NOW AT JUST Rs 149 A MONTH
Key stories on business-standard.com are available to premium subscribers only.
Already a premium subscriber? LOGIN NOW
LOGIN
Not a member yet ? Resister Now
Connect using any below
WHAT YOU GET
On Business Standard Digital
On
Digital
Our Partners are proud to be associated with this initiative and will contribute Rs 100 x 6 months thereafter, standard rate of Rs 149 will be charged.
Offer valid for Indian residents only
Requires you to share personal information like PAN, Date of Birth, and Income.
*Annual saving on WSJ subscription price of US$ 347.88 (12 months @ US$ 28.99 per month)
* 1US$ = 67.50 INR.
*Please note that this offer is not valid if you are/were a registered/existing user on WSJ Digital
Already registered ?