Intimation under 143 (1)
Querist : Anonymous
It is a intimation notice to the assessee, if any calculation mistake or mistake in filling return or claiming excessive deduction or wrong exemption has been found on the processing of the Income Tax Return. The purpose to intimate the assessee about any difference between the return filed by the assessee and as per the computation of the IT department.
Therefore by intimation u/s 143(1) the acknowledgment of the return shall be deemed to be intimation under this sub-section where either no sum is payable by the assessee or no refund is due to him.
Intimation under subsection (1) of section 143 shall be deemed to be a notice of demand for the purpose section 156
Querist : Anonymous
Further, if your filed return is not correct then u need to apply for rectification u/s 154.
If your return is assessed with nil demand or refund, it is deemed assessment
Querist : Anonymous
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