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Intimation u/s 143(1) of income tax india

Poonam (Accountant) (79 Points)

12 April 2018

Hello ,

I got Intimation u/s143(1) of income tax department. Please tell me why this notice i receive and qhat to do after receiving this notice?

Its urgent please tell me.

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Rahul Prajapati (Student) (2282 Points)
Replied 12 April 2018

Don't Worry u/s 143(1) tax department completes the assessment without calling you to the department.

While processing your income tax return, the tax department makes small adjustments or corrections in your tax return. They may then recompute your total income and taxes. Such adjustments result in an intimation under section 143(1).

If there is an arithmetical error in the return or certain TDS has been disallowed to be claimed or something has been claimed which is not as per limits allowed — all these result in a notice or intimation under section 143(1). These intimations are usually computer generated.

compare two column, (a) As provided by Tax Payer in Return of Income (b) As computed under section 143(1) and check the difference, find out the reason for the difference. And revise the same.