😰 Received a Section 142(1) Notice from the Income Tax Department? CA ATUL MANGAL #taxplanning

Added: 2026-06-01

[00:00:02]Hello. I am CA Atul Mangal.

[00:00:04]Have you recently received a section 142 one notice from the income tax department? First of all, don't panic.

[00:00:12]Many taxpayers assume that receiving this notice means they are in serious trouble, but that is not always true. In most cases, the department is simply asking for additional information or clarification regarding your income tax return.

[00:00:26]You may receive this notice due to reasons like mismatch in income, high-value transactions, unfiled returns, or verification of deductions and exemptions claimed in your ITR.

[00:00:38]The important thing is to never ignore the notice. Delayed or incorrect responses can lead to penalties, additional tax demands, or further scrutiny.

[00:00:47]Always read the notice carefully, collect the required documents, and respond within the given deadline. And most importantly, take professional guidance before submitting your reply.

[00:00:58]Thank you.