Tuesday, 27 December 2016

Received notice from Income tax Department: Compliance of Non-filers Monitoring System (NMS) for AY 2015-16

Many of the taxpayers have recently received by email and/or post the following notice:

Compliance of Non-filers Monitoring System (NMS) for AY 2015-16 PAN:

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:
Step 1: Login to e-filing portal Login to e-filing portal at https://incometaxindiaefiling.gov.in
Step 2: View Information summaryInformation summary can be viewed under compliance section on the portal. Mention if the information relates to other PAN
Step 3: Upload Return or submit detailsUpload 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.

 Non-filers with potential tax liabilities are identified and monitored under Non-filers Monitoring System (NMS). A "Step by Step Guide" for NMS is also available for detailed guidance on the e-filing portal home page under the 'Help' section. If you need any assistance in submitting the response, please call the e-filing toll free number 1800 4250 0025 or send an email on nms@incometax.gov.in.

e-filing Team for Compliance Management Cell
Income Tax Department

Q. Why have I received the above notice?
 A. The notice is received only because you have not filed your Income tax Return for FY 2014-15 till date. Since, the last due date (belated) to file such pending Return is fast approaching (31.03.2017), the Department proactively have sent a reminder to all such taxpayers.

Q. What do I need to do?
A. You need to calculate your tax liability and file the Income tax Return immediately. Failure to file an Income tax Return may expose you to penalty. Meanwhile, you can log in in your efiling portal and under Dashboard you'll see the pending compliances part. These pending compliance shall include the above mentioned notice. You need to click on the appropriate response which will be 'already filed the Return', 'not yet filed the Return', 'In the process of filing the Return' etc.

CA Niraj Mahajan, Pune

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