SOLVING DEMANDS NOTICES

Dealing with demand notices from tax authorities can be challenging, but it’s crucial to address them promptly and accurately.

  1. Review the Notice:
    • Carefully review the demand notice to understand the nature of the demand, the period it covers, and the specific issues raised by the tax authorities.
  2. Understand the Basis of Demand:
    • Identify the reasons for the demand. It could be related to underreporting of income, discrepancies in tax calculations, non-compliance with filing requirements, or other issues.
  3. Gather Documents:
    • Collect all relevant documents, including income statements, tax returns, proofs of deductions, and any other records that can support your case. Ensure that your financial records are organized and readily available.