Explanation
Reassessment — income escaped assessment
Section: 148 / §281 IT Act 2025
Reply required within: 30 days.
Consequence if ignored: Best-judgment assessment may be made ex-parte, usually resulting in a large addition to income.
How to reply: First respond to the 148A inquiry with documents showing the income was correctly declared (or was exempt). If a 148 notice is issued, file a revised return for the relevant Tax Year within 30 days of the notice.
If ignored
How to respond
First respond to the 148A inquiry with documents showing the income was correctly declared (or was exempt). If a 148 notice is issued, file a revised return for the relevant Tax Year within 30 days of the notice.
Deadline
You have 30 days from the date of issue to respond. Do not ignore — non-response triggers automatic consequences.