Assessment of income tax return

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 July 2012 it is said that a return can be revise if its assessment is not yet completed and within 1 year from completion of the assessment year.

so waht is the assessmemt of the return ad we will be coming to know that the particulat it retun is assessed and by this date.

plz explain it

25 July 2012 During the prescribed time period if you are not in a receipt of Notice U/s 143(2), you may assume that your assessment is not complete.
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Assessment means assessment U/s 143(3), which is popularly known as Scrutiny Assessment. Intimation received U/s 143(1) is not an Assessment Order.
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