Notice under section 143(2) of the Income-tax Act, 1961

This query is : Resolved

Priya (Querist)
Follow

30 June 2025 Hi,
In e-proceedings, there are 2 notices
1) Notice under section 143(2) of the Income-tax Act, 1961
2) INTIMATION TO ASSESSEE FOR COMPLETION OF ASSESSMENT IN ACCORDANCE WITH
PROCEDURE OF SECTION 144B OF THE INCOME TAX ACT

Its very generic, and in the "What you need to do?" it says:
"You may submit or cause to submit any evidence on which you may rely in support of your return of income
electronically in 'e-Proceedings' facility through your account in e-Filing website (www.incometax.gov.in) at your
convenience on or before

It is advised that you should gather all the information, documents, evidences, etc. in respect of various financial
transactions you have entered during the Assessment Year under consideration, which may be relevant for the scrutiny proceedings. Detailed questionnaire(s) or communication may be issued during the course of
assessment proceedings. As and when questionnaire(s) or communication is issued, you are required to provide
specific point-wise response within the time specified."

What action is required from me at this stage?
My income was from F&O trading and interest from savings account. I am an NRI.

Do I have to upload generic documents like:
- Statement from Zerodha for F&O trading
- Bank statements from all the banks

Both the notices have "Submit Response". Do I have to upload the documents to both?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

30 June 2025 Receiving a notice under Section 143(2) of the Income Tax Act means your Income Tax Return (ITR) has been selected for scrutiny assessment. This is a detailed verification process by the Income Tax Department to ensure that you have not understated your income, overstated losses, or underpaid your taxes.
Understand the Reason for Scrutiny:
The notice will typically specify the reason for the scrutiny. Common reasons include:
Mismatch in income figures between your ITR, Annual Information Statement (AIS), and Form 26AS.
High-value transactions not matching reported income.
Claiming large deductions or refunds.
Business losses without sufficient supporting documents.
Property sales/purchases without proper capital gains disclosure. (may not be applicable in this case)
Random selection by the Computer-Assisted Scrutiny Selection (CASS) system.

It is highly advisable to consult a Chartered Accountant (CA) or a tax consultant when you receive a Such notice, especially if the issues are complex, involve business income, or significant amounts. A professional can help you:
Understand the nuances of the notice.
Gather and organize the necessary documents.
Draft a legally sound and comprehensive response.
Represent you before the tax authorities (if required)

Refer: https://pkcindia.com/blogs/respond-to-income-tax-scrutiny-notice/
&/or https://tax2win.in/guide/income-tax-notice-us-143-2