About us

Venu’s Income Tax Services is the best business and legal services provider in the area of  Direct Tax  along with a variety of related services like filing of Income tax returns, Accounting, Refund follow up, etc.
We will help you to draft replies to income tax notices from the comfort of your home, offering you services that are very specialized and tailored for each individual. Our tax experts are mostly retired government officers having worked for decades in the Income Tax and revenue departments.

About Venu Income Tax

We are professional income tax consultants having a team of tax experts in the area of personal and corporate taxation. We are specialised in drafting replies to income tax notices arising out of selection of returns for scrutiny, enquiry from department about any specific transaction reported to the income tax department by other agencies such as stamp and registration authority, Banks, stock exchange, etc., enquiry from department for non-filing of returns, verification of third party transactions, mismatch of transaction data with the department with that filed through returns, mismatch of tax paid and TDS claims resulting in wrong demand, non-issuance of refund claims, misinterpretation of provisions of the Act/Rules by the department resulting in wrong demand, etc. Our experts are mostly retired income tax department officers and audit officers having decades of knowledge in tax practice. We will help you in drafting replies to all the income tax department notices with the help of latest judicial pronouncements and income tax laws. We can also help you in preparing accounts, filing returns, attending income tax departmental hearings, etc. Our vision is to help honest taxpayers to settle the disputes at the earliest by bringing to the notice of the department facts of the case in letter and spirit of law.

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+91-859-142-0981

What you should know

In case if any notice is received from Department of Income Tax , it is always advisable to contact a tax professional who can understand the nature of the notice and based on which you can decide the next course of action. Adhering to the notice and reply is a must to avoid future litigations.

A professional would help you understand the notice, scrutinise the reason of the issuance of notice and suggest the remedial measures to the notice. In case of tax demand notice, it may be due to several reasons like mismatch of TDS, error in claiming the correct TDS or wrong return form filed, unintended errors in filing return, etc. In these cases, application can be made for rectification u/s 154 of Income Tax Act.

In case you receive the show cause notice for non filing or produce the evidence based on which tax return was filed, you can take a help of professional who can prepare the proper case and also appear as your representative to explain your case in front of the Assessing officer issuing the notice.

It is important to verify the essentials mentioned in the notice as sometimes it may not be in your name and you may not be the right person to receive it. The basics to be checked are:

• Is it really in your name?
• Is the PAN number correctly mentioned?
• Which assessment year is it meant for?
• Details of the Assessing Officer?
• Document Identification Number?
• Date of issue of the notice?
• Date of receipt of notice

It is important to patiently read and understand the problem and figure out the reason for the issuance of such notice. It may be sometimes difficult to understand a notice. In that case, the individual is required to consult an expert.

Types of income tax notices:

• Notice u/s 143(1)-  Intimation Notice –  This notice comes regarding errors/incorrect claims/inconsistencies in income tax returns filed. The reply to this notice must be submitted within 15 days.
• Notice u/s 142(1)- Inquiry Notice- This notice serves regarding necessary additional documents required by the income tax department for processing filed an income tax return.
• Notice u/s 143(2)- Scrutiny Notice-  This notice is sent after notice u/s 142(1)  when Tax officers were not satisfied with the received documents or have not received yet.                      
• Notice u/s 148- Income escaping assessment Notice- If the assessing officer has reason to believe that you have not disclosed your income correctly. Then, The assessing officer serve a notice to the assessee asking him to furnish his return of income
• Notice u/s 156- Demand Notice-  This demand notice serves when any tax, interest, penalty or any other sum is payable in the consequences of any order passed.
• Notice u/s 139(9)- Defective Return Notice-  if the Income-tax return filed by you is defective, confirmed by AO then, The AO serves a notice to rectify his return within 15 days from the date of such intimation.
• Notice u/s 245- Set off refunds against tax remaining payable- this notice served by AO intimating the effects of the adjustments made with the amount due to the assessee.
• Section 133(6) notice is given to tax payer or related parties seeking certain details of transaction done during the year under consideration. Failure to comply with notice can  result in penalty u/s 272A. Even if there are no transactions as stated in your query, the person who receives such notice from government authorities is required to give reply stating his factual position. The person cannot ignore such notices as it may lead to further action by the issuer of the notice.