Assessment

Section 142(1) Inquiry Notice — Information Request Before Assessment

Section 142(1) notice is issued by the Assessing Officer to gather information before completing an assessment. It requires you to furnish accounts, documents, or information as specified.

Response Deadline
As specified in the notice (usually 15-30 days)
Extension
Possible
New IT Act
Section 142(1)

What Does This Notice Mean?

The AO needs additional information to complete your assessment. This is a formal request — failure to comply can lead to best judgment assessment under Section 144 and penalty under Section 271(1)(b). Take this seriously and respond within the deadline.

Common Triggers

  • Return selected for scrutiny under Section 143(3)
  • Large transactions flagged in AIR/SFT data
  • Discrepancies between return and third-party data
  • High-value transactions in bank accounts
  • Business losses or unusual deduction claims

How to Respond

  1. 1Read the notice carefully — note every specific document/information requested
  2. 2Prepare point-by-point response addressing each query
  3. 3Gather all supporting documents (bank statements, invoices, contracts)
  4. 4File the response through the e-filing portal under "e-Proceedings"
  5. 5If more time is needed, file a written adjournment request before the deadline
  6. 6Keep proof of submission (acknowledgement receipt)

Consequences of Non-Compliance

Non-compliance leads to best judgment assessment under Section 144 (assessed without your input) and penalty up to Rs 10,000 under Section 271(1)(b) for each failure.

Frequently Asked Questions

What is a Section 142(1) notice?

A Section 142(1) notice is issued by the Assessing Officer requiring you to furnish your return of income (if not filed), provide accounts or documents, or supply specific information. It is a preliminary step before or during assessment proceedings.

What happens if I ignore a 142(1) notice?

If you fail to comply with a 142(1) notice, the AO can complete a best judgment assessment under Section 144 without your input, and impose a penalty of up to Rs 10,000 under Section 271(1)(b).

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Disclaimer: This content is for informational purposes only and does not constitute legal or tax advice. Always consult a qualified Chartered Accountant or tax professional for advice specific to your situation. AI-generated content should be reviewed by a professional before use.