Regarding 143(1) Adjustment


This query is : Resolved 

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A taxpayer is seeking advice on how to handle a repeated adjustment notice under section 143(1) of the Income Tax Act regarding bank interest. They have already declared the interest in their Income Tax Return (ITR) under Schedule OS. The taxpayer is unsure whether to revise the audit report, rectify the return, or resubmit their previous explanation.

20 March 2025 The amount of Rs. 2,103/- mentioned in Form Annexure 3CD(b) has already been shown in the return of income as under.
1.Bank Interest of Rs. 2,103/- has been shown in Schedule OS 1 (b) (i).
So please I requesting to consider my above detail in schedule OS in other income in ITR and process my ITR.
Above mentioned reply already given against 143(1) adjustment, now department again issue such adjustment. so what to do?
1) Revise audit report or
2) rectify return of income or
3) give above response again?

21 March 2025 Advisable to reply same again

30 September 2025 Good luck....


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