Rated 4.9/5 by 312+ Chennai clientsZero penalty record across all filings24-hour response · WhatsApp-first supportOffices: Alapakkam, Maduravoyal & Nerkundram15+ years of expert tax consulting in Chennai500+ active clients across 540+ Chennai areasRated 4.9/5 by 312+ Chennai clientsZero penalty record across all filings24-hour response · WhatsApp-first supportOffices: Alapakkam, Maduravoyal & Nerkundram15+ years of expert tax consulting in Chennai500+ active clients across 540+ Chennai areas
Professional IT Notice Reply in Korattur, Chennai by qualified experts. 15+ years experience, zero-penalty track record. Offices at Alapakkam, Maduravoyal & Nerkundram. Call 9566-068-468 for free consultation.
SectionSection 148 Income Tax Act 1961 — Reassessment — IT officer can reopen assessment within 3 years (above ₹50L — 10 years) if income escaped
SectionSection 80D Income Tax Act 1961 — Health insurance premium deduction — ₹25,000 self/family, ₹50,000 for senior citizens, ₹5,000 preventive check
NotificationCBDT Circular 13/2023 dated 26-Sep-2023 — No TDS on salary — Sec 192 requires employer to consider other deductions claimed by employee before deducting
Relevant Court Rulings
Supreme Court (2022)
Checkmate Services v. CIT (2022) 448 ITR 518 (SC)... — Employees PF deposited after PF statutory due date not deductible under Section 36(1)(va) — even if deposited before ITR due date. Statutory deadline of PF Act
Supreme Court (2023)
Apex Court on Section 14A (2023)... — Disallowance under Section 14A cannot exceed exempt income earned during year. CBDT Circular post-judgment clarified Rule 8D disallowance is subject to this cap
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IT Notice Reply in Korattur — Plans & Pricing
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Korattur is an industrial and residential area in north-west Chennai with small and medium manufacturing units.
FilingPro serves Korattur clients for IT Notice Reply completely remotely — share documents via WhatsApp to 9566-068-468. Our team understands the specific compliance and business environment of Korattur, Chennai. Call for a free consultation today.
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IT Notice Reply in Korattur — Complete Guide
IT Notice Reply in Korattur by qualified professionals — FilingPro Korattur provides expert IT Notice Reply services for businesses and individuals across Chennai. Accurate, on-time service with 15+ years of experience, zero-error track record, and WhatsApp-first support. Starting from From ₹1,500/notice. Korattur is an industrial and residential area in north-west Chennai with small and medium manufacturing units — making Korattur a key market for professional IT Notice Reply services in Chennai.
IT Notice Reply in Korattur — Expert Reply
IT Notice Reply in Korattur — Expert Reply delivers expert IT Notice Reply service with qualified professionals and zero-error track record.
Income Tax Notice Consultant in Korattur
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Section 143(1) 148 Notice Reply in Korattur
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Income from crypto assets — VDA tax at 30% correctly computed
Freelancer income under 44ADA — 50% presumptive deduction for professionals
Form 26AS verified — TDS entries matched with employer and bank certificates
Interest income from FD, savings, and RD — TDS credit correctly claimed
Old regime allows deductions (80C, 80D, HRA, home loan interest) but has higher slab rates.
Education loan interest under Section 80E claimed for 8 years
Capital gains arise when you sell assets at a profit.
Log in to incometax.gov.in → e-File → View Filed Returns → select the assessment year → check processing status.
Capital gains computation — cost of acquisition, indexation, and exemption
Filing ITR after July 31 (before December 31) attracts Section 234F late fee of ₹5,000 (income above ₹5 lakh) or ₹1,000 (income ≤ ₹5 lakh).
People Also Ask — IT Notice Reply in Korattur
What is Section 87A rebate?
Section 87A provides a tax rebate of up to ₹12,500 if total taxable income does not exceed ₹5 lakh under the old regime, and ₹25,000 if income does not exceed ₹7 lakh under the new regime (from FY 2023-24). If eligible, your entire tax liability is w
What is the difference between old and new tax regime?
Old regime allows deductions (80C, 80D, HRA, home loan interest) but has higher slab rates. New regime (default from FY 2023-24) has lower rates with limited deductions (only standard deduction ₹75,000 and employer NPS). FilingPro computes both and r
What is Section 80C and what are the eligible investments?
Section 80C allows deductions up to ₹1.5 lakh per year for: EPF/PPF contributions, LIC premium, ELSS (equity mutual funds), NSC, 5-year tax-saving FD, home loan principal repayment, Sukanya Samriddhi, ULIP and tuition fees for 2 children. FilingPro i
Is TDS on salary final or do I need to file ITR?
TDS deducted by employer is not the final tax. It is an advance payment. If your employer has deducted correct TDS based on your declarations, your tax liability may be nil at filing. But you must still file ITR (if income exceeds basic exemption lim
How can I check my income tax refund status?
Log in to incometax.gov.in → e-File → View Filed Returns → select the assessment year → check processing status. Alternatively, check on tin.tin.nsdl.com with PAN and assessment year. FilingPro tracks refund status for all clients and escalates if re
What is the income tax filing deadline?
The due date for filing ITR for individuals (non-audit cases) is July 31 of the Assessment Year. For audit cases, it is October 31. Filing after July 31 but before December 31 attracts a late fee of ₹5,000 under Section 234F (₹1,000 if income ≤ ₹5 la
“NRI with rental income in India. FilingPro filed NRI ITR with DTAA benefits applied correctly. Refund processed within 30 days. Professional service for complex case.”
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Veerappan N
IT Notice Reply
“ESOP income from my employer made ITR complicated. FilingPro handled the perquisite computation and subsequent capital gains schedule perfectly. Very knowledgeable team.”
3 months agoVerified Client
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Murugeswaran V
IT Notice Reply
“FilingPro identified deductions worth ₹18 that I had been missing for years — NPS 80CCD, 80D for parents, HRA computed correctly. Regime comparison saved me even more.”
6 weeks agoVerified Client
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Saraladevi N
IT Notice Reply
“Excess TDS deducted by my employer. FilingPro filed with maximum deductions and I got ₹18 refund in 28 days. Excellent and fast service.”
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Maharajan N
IT Notice Reply
“Got an income tax scrutiny notice (143(2)). FilingPro responded with complete AIS reconciliation and documents. Assessment completed with zero additional demand.”
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IT Notice Reply
“Missed filing last year. FilingPro filed both current and previous year ITR (belated), computed the late fee and ensured both years are regularised. Clean tax record restored.”
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Common questions from Korattur clients. Call 9566-068-468 for specific queries.
AIS (Annual Information Statement) is a comprehensive statement showing all financial transactions — TDS, SFT data (property, mutual funds, dividends), foreign remittances, advance tax. Form 26AS shows only TDS and advance tax. AIS is broader and must be verified before ITR filing to prevent notices.
Section 24(b) allows deduction of home loan interest — up to ₹2 lakh per year for self-occupied property (construction completed within 5 years of loan). For let-out property, full interest is allowed as deduction. Pre-EMI interest is deductible in 5 equal instalments after construction completion.
Income tax notices include: 139(9) defective return, 143(1)(a) intimation for adjustments, 143(2) scrutiny selection, 148 reassessment and 271(1)(c) penalty. Each has a specific response timeline. FilingPro responds to all notices within 48 hours with complete documentary support and legal arguments.
Filing ITR after July 31 (before December 31) attracts Section 234F late fee of ₹5,000 (income above ₹5 lakh) or ₹1,000 (income ≤ ₹5 lakh). Additionally, you lose the right to carry forward losses (except house property loss). After December 31, only updated return (ITR-U) is available with 25-50% additional tax.
Dividends are taxable in the hands of the recipient at applicable slab rates from FY 2020-21. TDS of 10% is deducted on dividends above ₹5,000 from Indian companies. Foreign dividends are taxable at slab rate. FilingPro ensures all dividend income is correctly reported with TDS credit in the ITR.
Form 10E is mandatory when claiming Section 89(1) relief on salary arrears received in the current year. This relief prevents paying excess tax on lump-sum arrear receipts by spreading the income over the years to which it relates. Form 10E must be filed on the IT portal BEFORE filing the ITR, otherwise the claim is disallowed.
Section 87A provides a tax rebate of up to ₹12,500 if total taxable income does not exceed ₹5 lakh under the old regime, and ₹25,000 if income does not exceed ₹7 lakh under the new regime (from FY 2023-24). If eligible, your entire tax liability is waived. FilingPro always checks and claims 87A rebate.
FilingPro reconciles every item in AIS and Form 26AS against documents provided, discloses all income correctly, claims only verified deductions with supporting documents, files using the correct ITR form and e-verifies immediately. This multi-layer review virtually eliminates post-filing notice risk.
Section 44AD allows small businesses (turnover up to ₹3 crore with 95%+ digital receipts or ₹2 crore otherwise) to declare 8% (6% for digital receipts) of turnover as income without maintaining books. Section 44ADA allows professionals (receipts up to ₹75 lakh) to declare 50% of receipts as income.
After ITR filing and e-verification, CPC (Centralized Processing Centre) Bengaluru processes the return. If excess TDS has been deducted, the refund is directly credited to the bank account registered on the IT portal (IFSC, account number verified). Accurate AIS/26AS matching results in refund within 30 days.
Section 80C allows deductions up to ₹1.5 lakh per year for: EPF/PPF contributions, LIC premium, ELSS (equity mutual funds), NSC, 5-year tax-saving FD, home loan principal repayment, Sukanya Samriddhi, ULIP and tuition fees for 2 children. FilingPro identifies all eligible 80C investments for each client.
The due date for filing ITR for individuals (non-audit cases) is July 31 of the Assessment Year. For audit cases, it is October 31. Filing after July 31 but before December 31 attracts a late fee of ₹5,000 under Section 234F (₹1,000 if income ≤ ₹5 lakh). After December 31, only ITR-U (updated return) is available.
Capital gains arise when you sell assets at a profit. Short-term capital gains (STCG) on equity/MF (holding < 1 year) are taxed at 20% from FY 2024-25. Long-term capital gains (LTCG) on equity above ₹1.25 lakh are taxed at 12.5% without indexation. Property LTCG is taxed at 12.5% without indexation or 20% with indexation.
Log in to incometax.gov.in → e-File → View Filed Returns → select the assessment year → check processing status. Alternatively, check on tin.tin.nsdl.com with PAN and assessment year. FilingPro tracks refund status for all clients and escalates if refund is delayed beyond 45 days.
Yes — you can pay rent to parents and claim HRA exemption. The rent must be actually paid (preferably by bank transfer), a rent agreement must exist, and your parents must declare the rental income in their ITR. If annual rent exceeds ₹1 lakh, parent's PAN must be quoted. FilingPro structures this correctly.
Professional IT Notice Reply in Korattur, Chennai. Call @ 9566-068-468. Offices at Alapakkam, Maduravoyal & Nerkundram. 15+ years experience, 4.9★ rated.
FilingPro Chennai — 15+ Years of Expert Tax & Business Consulting. Offices at Alapakkam, Maduravoyal & Nerkundram, Chennai. Call @ 9566-068-468. Disclaimer: Information on this page is for general guidance only and does not constitute legal, financial or tax advice. Consult a qualified professional for specific advice.