Home Income tax Corporate Income tax Technical Glitches Are the Main Cause for Receiving Income Tax Notice

Technical Glitches Are the Main Cause for Receiving Income Tax Notice

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Technical Glitches Are the Main Cause for Receiving Income Tax Notice

Receiving Income Tax Notices Because of Technical Glitches

As per the GCCI, a technical glitch within the Earnings Tax submitting portal has led to the earnings tax division sending notices to taxpayers regarding discrepancies of their returns. This has resulted in undesirable inconvenience to taxpayers.

Chartered accountants engaged with the Goa Chamber of Commerce and Business have discovered some circumstances the place partnership corporations, trusts, and restricted legal responsibility partnerships are receiving notices indicating errors and incorrect claims of their tax returns and fundamental IT returns.

GCCI President Shrinivas Dempo talked about that this challenge seems to be associated to a technical glitch within the processing of tax returns, as taxpayers who haven’t truly claimed a deduction below Part 80P are receiving notices. This example is forcing taxpayers to reply to these proposed disallowances and expend efforts that aren’t wanted.

Firms that submitted their tax returns for the fiscal 12 months 2022-23 by way of the web portal have acquired a communication from the Earnings Tax Division proposing changes. The discover states that an irrelevant deduction, relevant solely to the earnings of cooperative societies, has been claimed.

The GCCI (Goa Chamber of Commerce and Business) president has requested the earnings tax division to offer clarification and handle this technical glitch as quickly as potential to make sure the correct processing of earnings tax returns.

Moreover, he has requested the recall of the misguided communications already issued to ease taxpayers’ issues. These requests had been additionally despatched to the chief commissioner of earnings tax in Goa, the commissioner of earnings tax on the centralized processing centre in Bengaluru, and Union finance minister Nirmala Sitharaman.

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