ITR Filed Already? Know Why June 30 Can Be a Crucial Date for You:

ITR Filed Already? Know Why June 30 Can Be a Crucial Date for You Numerous taxpayers are confused about the income tax return (ITR) filing deadline for the Assessment Year 2026-27 (Financial Year 2025-26). However, many are leaving behind another key date, i.e., June 30. This date may or may not be relevant for every taxpayer, but it is important for those who have already filed their ITRs. These can be selected by the Income Tax Department for scrutiny. Several taxpayers worry when they receive a tax notice. However, receiving a tax notice does not always mean you have done something wrong. In several cases, the tax department only asks taxpayers to verify certain details mentioned by them in their ITR through a tax notice. Consequently, understanding the reason behind receiving a tax notice becomes significant to avoid needless stress.

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Reason Why June 30 is Important for Taxpayers?

According to the provisions of Section 143(2) of the Income Tax Act, June 30 is the last date by which the tax department can issue a scrutiny notice during FY 2025-26. The scrutiny assessment is generally conducted by the tax authorities when they want to verify certain details in the ITR of a taxpayer. The assessment includes examination of income disclosures, deductions claimed, tax payments, or certain financial transactions. The key motive of scrutiny assessments is to make sure all the details disclosed in the returns are correct and complete.

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Who Can Receive a Scrutiny Notice?

Tax authorities can issue a scrutiny notice if they find discrepancies or unusual patterns in a taxpayer's return. The most common reason why a scrutiny notice was sent is finding a mismatch between the income reported in the ITR and the details available in Form 26AS or the Annual Information Statement (AIS). In many cases, turnover mentioned in GST records does not align with that reported in tax returns. Several times, deductions claimed are significantly high in comparison to the total taxable income disclosed by taxpayers; these cases generally catch the attention of the income tax department. Notices are also sent when tax authorities want to seek clarification regarding the high-value transactions if mentioned in official records but not reflected in the tax return. A similar case is with property sale transactions, recorded with registration authorities but not reported in tax returns.

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How to Respond to Scrutiny Notices?

The Income Tax Department usually sends a scrutiny notice to the concerned taxpayer's registered email address or registered postal address. Taxpayers can also access the notice by simply logging into the income tax e-filing portal and visiting the e-Proceedings section. It was very important to respond to a notice as per its nature, along with the relevant supporting documents or explanations. After his successful submission of the response, the portal generates a transaction number as confirmation.