What is How to handle a tax notice for the first time?
Nexa Consultancy | Startup & Finance Glossary
Receiving your first tax notice can be stressful. Do not ignore it. The first step is to read it carefully to understand what the tax officer is asking for (e.g., more information, explanation for a discrepancy). Then, consult a qualified Chartered Accountant to draft a formal, point-by-point reply with supporting documents.
Startup Example: A startup receives a notice for a mismatch between their Form 26AS and their declared income. Their CA prepares a reconciliation statement explaining the difference and files it with the tax department.
We handle all tax notice representations for our clients.
