INTIMATION U/S. 143(1): difference in total income
This query is : Resolved
21 September 2010
Hello experts.
I have received an "INCOME TAX INTIMATION U/S. 143(1)" order letter. In a comparative form, it has information about the computation of income "As Provided by Taxpayer in Return of Income" and "As Computed Under Section 143(1)."
There is only one difference. It shows that the "total income after deductions" "As Computed Under Section 143(1)" is Rs.5 (five rupees) more than the original amount in Return of Income.
I used the appropriate MS Excel file available from the IT website to prepare the Return. Also received acknowledgement receipt of ITR-V through e-mail. Can't understand how they calculated this amount.
By the way, there is no tax payable neither any amount refundable.
Would you kindly advice what should I do from my side?
Thanks in advance.
I have received an "INCOME TAX INTIMATION U/S. 143(1)" order letter. In a comparative form, it has information about the computation of income "As Provided by Taxpayer in Return of Income" and "As Computed Under Section 143(1)."
There is only one difference. It shows that the "total income after deductions" "As Computed Under Section 143(1)" is Rs.5 (five rupees) more than the original amount in Return of Income.
I used the appropriate MS Excel file available from the IT website to prepare the Return. Also received acknowledgement receipt of ITR-V through e-mail. Can't understand how they calculated this amount.
By the way, there is no tax payable neither any amount refundable.
Would you kindly advice what should I do from my side?
Thanks in advance.
Aditya Maheshwari
(Expert)
22 September 2010
As income is rounded off to the nearest 10 no need to do anything. The same is not done in the ITR.
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
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Transfer of Physical Stock Between Two Proprietorship Concerns
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- EPF ECR NEW RULES Sep 17th 2026
- Issuing of delivery challan by seller of goods
- Taxation of crypto futures in India Fy 2026- 2027
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
