Third-Party Information Notice · Panaji, Goa
Received an information call from the Income Tax Department? Our Chartered Accountants in Goa prepare complete, accurate responses to Section 133(6) notices — whether you are the taxpayer under examination or a third party asked to supply information about someone else's transactions.
Overview
Section 133(6) empowers the Income Tax Department to issue notices calling for any information or documents from banks, financial institutions, companies and individuals. These notices are widely used to gather third-party data — account statements, transaction details, turnover figures — that is cross-checked with the taxpayer's declared income. Whether you are the entity asked to supply information or the taxpayer whose transactions have been flagged, a prompt and accurate response is essential.
This service works closely with our Section 142(1) inquiry response and Section 143(2) scrutiny representation services for comprehensive income tax notice management.
What's covered
End-to-end notice management from receipt to resolution.
Get a fixed-fee quote →Understanding exactly what information the department is seeking and from whom — taxpayer or third party.
Gathering the specific transaction records, statements or documents the notice requires.
Verifying all data before submission to ensure it is complete and consistent with filed returns.
Preparing a clear covering letter and organising the information for submission to the department.
Filing the response through the income tax e-filing portal or as directed in the notice.
Handling any subsequent queries from the AO arising from the information provided.
Our process
We review the 133(6) notice and identify what is being asked and why.
We gather the required data and verify its accuracy and completeness.
We prepare the covering letter and organise all documents for submission.
We submit the response to the department before the specified deadline.
Frequently asked questions
Section 133(6) empowers the Income Tax Department to call for any statement of accounts, documents or information from any person — including banks, mutual funds, registrars, companies and individuals. It is widely used to gather third-party data to verify the income declared in a taxpayer's return and to identify potential undisclosed transactions.
Any person can receive a Section 133(6) notice — you may receive it as the taxpayer under examination, or as a third party (bank, employer, business associate, property registrar) who has dealt with the taxpayer. In either case, the notice must be responded to completely and on time.
Common requests include: bank account statements for a specific period; details of cash deposits, withdrawals or transfers above a threshold; property purchase and sale transaction details; details of loans given or received; investment records; turnover and gross receipt figures; and details of payments made to contractors or service providers.
Yes. Non-compliance with a Section 133(6) notice can attract a penalty under Section 271(1)(b) and may also trigger further scrutiny or best judgment proceedings against the taxpayer. For third parties like banks and financial institutions, failure to comply carries its own penalties. All notices must be taken seriously.
In some cases, professional privilege or banking secrecy provisions may be relevant. However, the Income Tax Act's powers are broad and courts have upheld the department's right to call for information in most circumstances. We advise on whether any objection is available in your specific situation before responding.
The notice specifies a deadline, often 15 to 30 days. Prompt action is essential. If the information requested is voluminous, we apply for an extension at the earliest so compliance does not lapse. We manage the entire timeline on your behalf.
Yes. Information gathered under Section 133(6) is frequently used as the basis for issuing a scrutiny notice under 143(2) or a reassessment notice under 148. If the information you provide or that a third party provides reveals undisclosed income, the AO may initiate further proceedings against you.
Contact N D Savla & Associates in Panaji, Goa as soon as you receive the notice. We identify exactly what is being asked, compile and verify the required information and documents, and file a complete response on time — protecting you from penalties and further inquiry.
Related services
Book a free consultation with a qualified Chartered Accountant in Goa. We'll prepare and file your complete Section 133(6) response — no obligation.