Notice under Section 156 is also known as a notice of demand.
The tax department sends an intimation under Section 143(1) after the successful processing of the ITR by CPC.
Rental income is shown under the income from house property. It is taxable as per the Income Tax Act.
The new TDS rule came into effect on July 1, 2022.
Verification is mandatory for all taxpayers after filing and submitting their income tax returns.