Compliance of Non-filers Monitoring System (NMS) – What to do

“Dear Taxpayer,

 As per our records, it is observed that you have not filed your Income Tax Return for Assessment Year 2015-16. Please submit your online response as under:”

Have you received this email too? Are you confused what to do? Then read on to know more.

Income Tax Department releases revised format of Notice

Recently department has started floating these Non-compliance email under The Non-filers Monitoring System (NMS). This is a system which was introduced to find out and prioritize action on non-filers with potential tax liabilities. Data from AIR, CIB data and TDS/TCS Returns were dug into for this purpose.

How to deal with this notice?

First you need to know the reason for the email. It might be possible that you have filed the returns for the latest financial year. Yet you have received this notice. There is nothing to worry about.

Following are the steps to follow:

Step 1: Login to e-filing portal Login to e-filing portal at https://incometaxindiaefiling.gov.in
Step 2: View Information summary Information summary can be viewed under compliance section on the portal. Mention if the information relates to other PAN
Step 3: Upload Return or submit details Upload the return on e-filing portal after paying due taxes. If return is already filed, submit details under ‘Filing of Income tax return’ under compliance section. You may keep the printout of submitted response for record.
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We are listening!

Want to know more about this? Simply write to us at Taxmantra – Manage Your business.

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