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Intimation u/s 143(1) of the i.t act 1961

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Querist : Anonymous

Querist : Anonymous (Querist)

25 November 2011 Dear Sir,
I received Intimation U/S 143(1). How will reply them ?
How will i communicate with them?

Thanks in Advance .............

CA SUMiT PATWARi

CA SUMiT PATWARi (Expert)

25 November 2011 We treat this as Intimation of completion of assessment of income tax returns.. However further orders are possible even after receiving an intimation u/s 143(1).
Intimation of Income tax refund in case refund is due from income tax, India. If net taxable income is more than total tax paid, this Intimation u/s 143(1) will be treated as demand notice for payment of income tax due to income tax department.

If “NET AMOUNT REFUNDABLE /NET AMOUNT DEMAND” is less than Rs 100, you can treat this Intimation u/s 143(1) as completion of income tax returns assessment under Income Tax Act. It can be useful for the proof of Income/ Completion of income tax returns assessment.

You need to reply to intimation u/s143(1) only if you have any grievance!!!
Else, simply pay the tax demanded, or accept the refund.

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