How to Avoid Getting a Notice of Unreported Income From an Employee

MNC employees should not panic, but prima facie IT notices can be a little concerning. They need to go through all the details of the stocks that they have received from the beginning and identify if there is any unreported income. I would also suggest them contact a person who has seen an experience on this matter and prepare a proper reply to the income tax office. But under the Black Money Act proceedings, the taxes which have been paid after the receipt of the notice by the taxpayer may not be recognized.