what in section 143(1) of Income Tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 September 2010
what is Section 143(1)for computation of income tax ???
CA Apurav Agawal
(Expert)
06 September 2010
It is about deemed assesment of ITR.
It is carried out to check if calculations made in the ITR are correct or not.
It is carried out to check if calculations made in the ITR are correct or not.
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06 September 2010
It is an assessment done by Income tax department prima facie checking the return submittted...and passing of refund claimed, if any...
An order is to be issued by department if the assesment under this section is completed. (if no order is givn then return's acknowledgement is deemed assessment under this section). But if the department finds that the somewhere calculations are wrong in return and if the calculations were right then there be a demand then department can issuse demand under section 156 along with assessment order under sectiobn 143(1).
An order is to be issued by department if the assesment under this section is completed. (if no order is givn then return's acknowledgement is deemed assessment under this section). But if the department finds that the somewhere calculations are wrong in return and if the calculations were right then there be a demand then department can issuse demand under section 156 along with assessment order under sectiobn 143(1).
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