It is essential for every taxpayer to pay close attention to income tax notices received from the Income Tax Department. One such notice is issued under Section 143(1) of the Income Tax Act, 1961. For security and confidentiality, this notice is password-protected. Once an Income Tax Return (ITR) is processed, the department sends an intimation to inform the taxpayer whether additional tax payment is required or if a refund is due.
While the notice contains crucial information, it is often written in a technical and complex manner. Despite its complexity, it is vital that taxpayers read and understand every part of the notice thoroughly. It outlines whether the details submitted in the ITR match the records maintained by the tax department.
In this blog, we’ll guide you through the simple steps to open your ITR-V form using the correct password and help you decode the intimation effectively