Understand the Notice:
- This notice requests evidence for deductions and exemptions claimed in your income tax returns for the assessment years 2021-22, 2022-23, and 2023-24.
- It specifically asks for:
- Documents supporting deductions/exemptions claimed under various sections/sub-sections of the Income Tax Act.
- Form 16 from your employer/DDO.
- Copy of Form 12BB submitted to your employer for claiming deductions like House Rent Allowance, LTC, etc.
Respond Within the Timeframe:
- The notice asks you to submit the requested details through the “e-proceeding” facility on the income tax website (www.incometax.gov.in) within 10 days from receiving the notice.
- It’s crucial to respond within this timeframe to avoid penalties.
Gather Required Documents:
- Start by collecting all the documents mentioned in the notice. These might include salary slips, investment proofs, bank statements, property documents, etc.
- Ensure you have clear copies of all relevant documents.
Submit Documents Online:
- Go to the income tax website (www.incometax.gov.in) and log in to your e-filing account.
- Access the “e-proceeding” facility and find the specific notice you received.
- Upload the required documents in the designated format.
- Submit the response online within the given timeframe.
Revised Return Clarification:
- If you have already filed a revised/updated return correcting any mistakes in claiming deductions/exemptions, you can submit the acknowledgment of filing that revised return instead of the documents again.
Seek Professional Help (Optional):
- If you’re unsure about the documents needed or have complex tax situations, consider seeking professional help from a tax consultant or chartered accountant. They can guide you through the process and ensure your response is accurate and complete.
Important Points:
- Ignoring the notice or failing to respond can lead to a penalty of Rs. 500 per day of delay.
- Be truthful and accurate in your response. Providing false information can have serious consequences.
- Keep a copy of the notice and your response for your records.
Remember, responding promptly and accurately to this notice is crucial to avoid penalties and ensure smooth processing of your tax assessment.