Here is the topic-wise breakdown of the video with corresponding timestamps:
- Income Tax Notices for Financial Year 2022-23
- General information about the notices [00:00]
- Reasons for issuing the notices [00:49]
- Email example of a notice [01:18]
- How to check the notice [02:50]
- Updated Returns
- Deadline for filing updated returns [02:18]
- Additional tax and interest for updated returns [02:25]
- Responding to Notices
- Providing feedback on AIS information [03:37]
- Explaining the source of funds for purchases [04:46]
- Consequences of Not Responding
- Potential for further scrutiny and notices [06:13]
- Tax implications for unexplained expenses [07:13]
- Importance of addressing notices [08:02]