Income tax notice u/s 143 (2)

Dear Experts,

We have received notice from IT dept for faceless Assessment u/s 143(2).

In the notice they asked "Business purchase and Icds compliance and Adjustment" details.

since we are getting notice from IT dept first, can you please tell me what details they require from us.

Thanks and Regards

V.Karthikeyan
Replies (5)
Quick Summary
An individual has received a notice from the Income Tax department under Section 143(2) for a faceless assessment. The notice specifically requests details concerning business purchases, ICDS (Income Computation and Disclosure Standards) compliance, and any adjustments made. The user is seeking clarification on what information the tax department requires in response to this notice.

1. Purchase of business

2. what ICDS compliances are applicable to you

3. and adjustments you made for those compliances

Ok sir thank you
I would not confront anil jain. an incomplete, poorly typed and vague question deserves a tawdry answer.
Take the help of nearest CA, don't take the notice lightly. Rather than asking here.
Ok sir thank you

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