Income u/s 139 or 143...Urgent Sir!!!
This query is : Resolved
23 August 2010
Dear Experts,
Very urgent sir..
In our firm we have filed tax return for an assessee for the all the years as per sec.139.
For the a.y.05-06 & 06 -07 first refund order u/s 143(1) has been received..and there were no difference between what we filed and the order received u/s 143(1).
Then the A.O. issued the notice u/s 143(2) - for scrutiny assessment.
The order has been passed u/s 143(3) which was different from the return we were originally filed.
1)My doubt is for the respective assessment years for which scrutiny has been taken whether the loss or income as intimated u/s 143(1) i should take or
the loss or income as intimated u/s 143(3) i should take?
With regards,
Rajesh.
Very urgent sir..
In our firm we have filed tax return for an assessee for the all the years as per sec.139.
For the a.y.05-06 & 06 -07 first refund order u/s 143(1) has been received..and there were no difference between what we filed and the order received u/s 143(1).
Then the A.O. issued the notice u/s 143(2) - for scrutiny assessment.
The order has been passed u/s 143(3) which was different from the return we were originally filed.
1)My doubt is for the respective assessment years for which scrutiny has been taken whether the loss or income as intimated u/s 143(1) i should take or
the loss or income as intimated u/s 143(3) i should take?
With regards,
Rajesh.
23 August 2010
YOU SHOULD TAKE ACCORDING TO THE ASSESSMENT ORDER U/S 143(3) .143(1) IS NOT AN ASSESSMENT ORDER. IT IS AN INTIMATION.
IF YOU ARE NOT OPTING FOR APPEAL
IF YOU ARE NOT OPTING FOR APPEAL
Message likes :
1 times
24 August 2010
Please take as per 143(3).
Further please confirm whether you have gone into appeal or not, if yes then you should claim as per the intimation
Further please confirm whether you have gone into appeal or not, if yes then you should claim as per the intimation
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- Type of Capital Gain
- Booth for sales promotion
- F & O PROFIT REPORTING FOR AY 2026-27
- LIABILITY ADJUSTMENT
- Average Cost Of High Quality Diamonds
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
