{"id":399,"date":"2018-12-12T03:38:01","date_gmt":"2018-12-12T03:38:01","guid":{"rendered":"http:\/\/www.biatconsultant.com\/blog\/?p=399"},"modified":"2018-12-12T03:38:01","modified_gmt":"2018-12-12T03:38:01","slug":"notice-under-section-1421-of-income-tax-act-1961","status":"publish","type":"post","link":"https:\/\/www.biatconsultant.com\/blog\/notice-under-section-1421-of-income-tax-act-1961\/","title":{"rendered":"NOTICE UNDER SECTION 142(1) OF INCOME TAX ACT 1961"},"content":{"rendered":"

Notice under section 142(1) of the Income Tax act is issued by a tax authority generally after ITR is filed and before Income tax assessment in the form of Inquiry.<\/span><\/p>\n

Generally during the course of Assessment the Assessing officer sends the notice for demanding documents , books ,other documents or details for verifications and the Assessee is bound to produce details before assessing authority.<\/span><\/p>\n

In case of Non- filing of Income tax return also Notice under section 142(1) is received and thereunder time frame is given to file ITR .<\/span><\/p>\n

PENALTY<\/b><\/p>\n

In case of non compliance the AO has to power to levy penalty of Rs. 10000\/- for each failure under section 271(b)<\/span><\/p>\n

PROSECUTION <\/b><\/p>\n

Prosecution under section 276D for non compliance of section 142(10 is imprisonment upto 1 year with or without fine <\/span><\/p>\n

 <\/p>\n

NOTICE UNDER SECTION 143(2)<\/b><\/p>\n

 <\/p>\n

Notice under section 143(2) is issued to Assessee when \u00a0case is taken under scrutiny by Income tax authority.<\/span><\/p>\n

When notice under section 143(2) is issued and also Notice Under section 142(1) is issued to Assessee , informations as required time to time by assessing authority is submitted to Assessing authority who based on information submitted assess the case and issues final order for assessment.<\/span><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Notice under section 142(1) of the Income Tax act is issued by a tax authority generally after ITR is filed and before Income tax assessment in the form of Inquiry. Generally during the course of Assessment the Assessing officer sends the notice for demanding documents , books ,other documents or details for verifications and the … <\/p>\n

Continue reading “NOTICE UNDER SECTION 142(1) OF INCOME TAX ACT 1961”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[174],"tags":[175],"class_list":["post-399","post","type-post","status-publish","format-standard","hentry","category-tax","tag-notice-under-section-1421-of-income-tax-act-1961"],"yoast_head":"\nNOTICE UNDER SECTION 142(1) OF INCOME TAX ACT 1961 -<\/title>\n<meta name=\"description\" content=\"Want does notice under section 142(1) sent by Income Tax Department implies ? What does it actually means? Get detailed guidence by reading our blog\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.biatconsultant.com\/blog\/notice-under-section-1421-of-income-tax-act-1961\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NOTICE UNDER SECTION 142(1) OF INCOME TAX ACT 1961 -\" \/>\n<meta property=\"og:description\" content=\"Want does notice under section 142(1) sent by Income Tax Department implies ? What does it actually means? Get detailed guidence by reading our blog\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.biatconsultant.com\/blog\/notice-under-section-1421-of-income-tax-act-1961\/\" \/>\n<meta property=\"og:site_name\" content=\"Business , Financial & Legal Consultant In India\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/biatconsultant\" \/>\n<meta property=\"article:published_time\" content=\"2018-12-12T03:38:01+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@biatconsultant\" \/>\n<meta name=\"twitter:site\" content=\"@biatconsultant\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.biatconsultant.com\/blog\/notice-under-section-1421-of-income-tax-act-1961\/\",\"url\":\"https:\/\/www.biatconsultant.com\/blog\/notice-under-section-1421-of-income-tax-act-1961\/\",\"name\":\"NOTICE UNDER SECTION 142(1) OF INCOME TAX ACT 1961 -\",\"isPartOf\":{\"@id\":\"https:\/\/www.biatconsultant.com\/blog\/#website\"},\"datePublished\":\"2018-12-12T03:38:01+00:00\",\"dateModified\":\"2018-12-12T03:38:01+00:00\",\"author\":{\"@id\":\"https:\/\/www.biatconsultant.com\/blog\/#\/schema\/person\/899592db5f230231ce8ea260970acf3d\"},\"description\":\"Want does notice under section 142(1) sent by Income Tax Department implies ? What does it actually means? Get detailed guidence by reading our blog\",\"breadcrumb\":{\"@id\":\"https:\/\/www.biatconsultant.com\/blog\/notice-under-section-1421-of-income-tax-act-1961\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.biatconsultant.com\/blog\/notice-under-section-1421-of-income-tax-act-1961\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.biatconsultant.com\/blog\/notice-under-section-1421-of-income-tax-act-1961\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.biatconsultant.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"NOTICE UNDER SECTION 142(1) OF INCOME TAX ACT 1961\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.biatconsultant.com\/blog\/#website\",\"url\":\"https:\/\/www.biatconsultant.com\/blog\/\",\"name\":\"Business , Financial & Legal Consultant In India\",\"description\":\"#1 Online Business Consultant In India\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.biatconsultant.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.biatconsultant.com\/blog\/#\/schema\/person\/899592db5f230231ce8ea260970acf3d\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.biatconsultant.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3b529b24a44a1eb1f33718fbc959bd79?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3b529b24a44a1eb1f33718fbc959bd79?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"url\":\"https:\/\/www.biatconsultant.com\/blog\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"NOTICE UNDER SECTION 142(1) OF INCOME TAX ACT 1961 -","description":"Want does notice under section 142(1) sent by Income Tax Department implies ? What does it actually means? Get detailed guidence by reading our blog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.biatconsultant.com\/blog\/notice-under-section-1421-of-income-tax-act-1961\/","og_locale":"en_US","og_type":"article","og_title":"NOTICE UNDER SECTION 142(1) OF INCOME TAX ACT 1961 -","og_description":"Want does notice under section 142(1) sent by Income Tax Department implies ? What does it actually means? Get detailed guidence by reading our blog","og_url":"https:\/\/www.biatconsultant.com\/blog\/notice-under-section-1421-of-income-tax-act-1961\/","og_site_name":"Business , Financial & Legal Consultant In India","article_publisher":"https:\/\/www.facebook.com\/biatconsultant","article_published_time":"2018-12-12T03:38:01+00:00","author":"admin","twitter_card":"summary_large_image","twitter_creator":"@biatconsultant","twitter_site":"@biatconsultant","twitter_misc":{"Written by":"admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.biatconsultant.com\/blog\/notice-under-section-1421-of-income-tax-act-1961\/","url":"https:\/\/www.biatconsultant.com\/blog\/notice-under-section-1421-of-income-tax-act-1961\/","name":"NOTICE UNDER SECTION 142(1) OF INCOME TAX ACT 1961 -","isPartOf":{"@id":"https:\/\/www.biatconsultant.com\/blog\/#website"},"datePublished":"2018-12-12T03:38:01+00:00","dateModified":"2018-12-12T03:38:01+00:00","author":{"@id":"https:\/\/www.biatconsultant.com\/blog\/#\/schema\/person\/899592db5f230231ce8ea260970acf3d"},"description":"Want does notice under section 142(1) sent by Income Tax Department implies ? What does it actually means? Get detailed guidence by reading our blog","breadcrumb":{"@id":"https:\/\/www.biatconsultant.com\/blog\/notice-under-section-1421-of-income-tax-act-1961\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.biatconsultant.com\/blog\/notice-under-section-1421-of-income-tax-act-1961\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.biatconsultant.com\/blog\/notice-under-section-1421-of-income-tax-act-1961\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.biatconsultant.com\/blog\/"},{"@type":"ListItem","position":2,"name":"NOTICE UNDER SECTION 142(1) OF INCOME TAX ACT 1961"}]},{"@type":"WebSite","@id":"https:\/\/www.biatconsultant.com\/blog\/#website","url":"https:\/\/www.biatconsultant.com\/blog\/","name":"Business , Financial & Legal Consultant In India","description":"#1 Online Business Consultant In India","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.biatconsultant.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.biatconsultant.com\/blog\/#\/schema\/person\/899592db5f230231ce8ea260970acf3d","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.biatconsultant.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3b529b24a44a1eb1f33718fbc959bd79?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3b529b24a44a1eb1f33718fbc959bd79?s=96&d=mm&r=g","caption":"admin"},"url":"https:\/\/www.biatconsultant.com\/blog\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/www.biatconsultant.com\/blog\/wp-json\/wp\/v2\/posts\/399","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biatconsultant.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biatconsultant.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biatconsultant.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biatconsultant.com\/blog\/wp-json\/wp\/v2\/comments?post=399"}],"version-history":[{"count":1,"href":"https:\/\/www.biatconsultant.com\/blog\/wp-json\/wp\/v2\/posts\/399\/revisions"}],"predecessor-version":[{"id":400,"href":"https:\/\/www.biatconsultant.com\/blog\/wp-json\/wp\/v2\/posts\/399\/revisions\/400"}],"wp:attachment":[{"href":"https:\/\/www.biatconsultant.com\/blog\/wp-json\/wp\/v2\/media?parent=399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biatconsultant.com\/blog\/wp-json\/wp\/v2\/categories?post=399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biatconsultant.com\/blog\/wp-json\/wp\/v2\/tags?post=399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}