How To Avoid Getting An Income Tax Notice And How To Respond If You Get One?

The start of the new financial year also marks the time to start preparing your income tax returns for the previous year. One of the most important things for you to avoid is attracting the attention of the income tax department and a notice. There are a number of reasons for receiving an IT notice, and What should an income taxpayer do to avoid them? Also, if a notice has been received, what can the taxpayer do to resolve the situation? Business Today's Personal Finance Editor Teena Jain Kaushal answers all these vital questions.