Notice pay recovery
What this means, checked by a CA
If you paid notice pay to your old employer, its tax treatment is disputed. If your new employer reimbursed it, that is taxable salary. We document it so your return matches your Form 130.
This is an add-on. Add it to the main plan
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Answers on this topic
- Section 270(1) (old 143(1)): Intimation and DemandThe most common IT notice, sent automatically by the CPC computer. Not a scrutiny notice. Not a raid. But if ignored or mishandled, the demand amount gets locked and i…
- Section 156 (now 289), Demand notice: pay or dispute within 30 days156 is a demand notice, the IT department has assessed that you owe a specific amount of tax, interest, and/or penalty. This comes after a 143(3) (now Sec 270(10)) or…
- Section 270(8) (old 143(2)): Scrutiny NoticeThis is NOT automated, a human officer has selected your return for detailed examination. Specific income, deduction, or transaction is under review. Must be responded…
- Section 143(2) (now 270(8)), Scrutiny notice: the real assessment beginsSec 143(2) (now Sec 270(8), Income-tax Act 2025) means the IT department has selected your return for detailed scrutiny. A human AO (Assessing Officer) or faceless ass…
- Section 143(1) (now 270(1)), Intimation after processing: what it means and when it's fineSec 143(1) (now Sec 270(1), Income-tax Act 2025) is an automated intimation, not a proper assessment. The CPC (Centralised Processing Centre) in Bengaluru processes yo…