UP labourer receives ₹7 crore income tax notice — What are the types of I-T notices and how to respond to them?

Key Highlights

• His family members have questioned how the I-T Department has deemed that he owes crores in taxes, considering his income.
• According to a report by PTI, I-T inspector Shubham Sharma said he had no information about any team visiting the village to serve such a notice.
• An Income Tax Notice is a formal communication from the Income Tax Department sent to the taxpayer on various grounds.
• Taxpayers who receive an income tax notice are not always at fault, since getting this notice can also signal something wrong with your filing.
• It can also signal unreported income, mismatches in data (like Form 26AS vs.