Quick Summary
The transition from the Income-tax Act, 1961 to the new Income-tax Act, 2025 has introduced several updated compliance forms and procedures for taxpayers. One such important compliance document is Form 103, which relates to notices of tax demand issued by the Income Tax Department. The government has now clarified various aspects of Form 103 through an official FAQ document, helping taxpayers better understand when the form is issued, who issues it, and what actions are required after receiving
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FAQ :
Form 103 is a Notice of Demand issued by the Assessing Officer under Section 289 of the Income-tax Act, 2025, to notify an assessee of any outstanding amount payable, such as income tax, interest, or penalties.
Form 103 is issued directly by the Assessing Officer (AO) whenever a tax demand becomes payable by the assessee.
Form 103 can be issued in various situations where a demand arises, including assessment orders, penalty orders, TDS default cases, rectification orders, and any other proceedings resulting in a tax demand.
The amount specified in Form 103 is generally required to be paid within 30 days from the date of service of the notice, unless the Assessing Officer specifies a shorter period with prior approval.
Taxpayers should pay the demand amount, verify its correctness, seek rectification if there are discrepancies, or apply for an extension or installment facility before the payment deadline.
The revised Form 103 includes the Joint Commissioner (Appeals) as an appellate authority and updated explanatory notes to formally include digital payment mechanisms.
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