143(1)

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

01 February 2014 SIR,
i have got the intimation from income tax under 143(1) showing that there is a difference between gross total income near about 3100/-....bt my income tax return is nil for that year i have no tax payable...so what should i do sir...should file revised return or not..

thanks in adv

Querist : Anonymous

Querist : Anonymous (Querist)

02 February 2014 PLZ RPLY SIR ITS URGENT

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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14 July 2024 If you have received an intimation under Section 143(1) of the Income Tax Act showing a difference in gross total income but your original return showed nil tax payable, here are the steps you should consider:

1. **Check the Intimation Details:**
- Carefully review the intimation received from the Income Tax Department. Look for details about why there is a difference in the gross total income as per your return and as per their computation.

2. **Verify the Calculation:**
- Verify the calculations done by the Income Tax Department to understand where the difference in gross total income arises from. Ensure that all income and deductions have been correctly considered.

3. **Assess the Impact on Tax Liability:**
- Determine if the difference in gross total income affects your tax liability. Since you mentioned your original return showed nil tax payable, check if the revised computation affects this status.

4. **Consider Filing a Revised Return:**
- If the difference in income affects your tax liability (even if it remains nil), you might consider filing a revised return (under Section 139(5) of the Income Tax Act) to correct any errors or discrepancies. This can help reconcile the difference and avoid potential issues in the future.

5. **Respond to the Intimation:**
- If you believe the intimation is incorrect or if there are valid reasons why your original return was filed as nil tax payable, you can respond to the Income Tax Department explaining your position. Provide supporting documents if necessary.

6. **Seek Professional Advice if Needed:**
- If you are unsure about how to proceed or if the issue seems complex, it may be advisable to seek advice from a tax consultant or a Chartered Accountant who can assist you in understanding the implications and taking appropriate action.

In summary, if the difference in gross total income affects your tax liability, it is generally prudent to file a revised return to ensure all details are correctly reported to the tax authorities. This helps in maintaining accurate tax records and compliance with the Income Tax Act. Always ensure to respond promptly and accurately to any communications from the Income Tax Department to avoid unnecessary complications.

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