Dear Tax Experts,
Receintly I received an e-mail with the PDF attachment with the heading "INTIMATION U/S 143(1) OF THE INCOME TAX" for teh A.Y 2010-11.
Under INCOME TAX COMPUTATION (IN RUPEES) section, there are below 2 columns
As Provided by Taxpayer in Return of Income
As Computed Under Section 143(1)
Also I had to get the hugh REFUND from IT, at the bottom NET AMOUNT REFUNDABLE = 0
how do I understand these 2 columns. This mail id from
CPC, Post Bag No.2, Electronic City Post Office, Bangalore-560100
Telephone: 18004252229 (Toll Free) or 080-43456700
Can somebody explain how to validate these 2 columns and general about U/S 143(1) ?
Thanks in advance for your help.
Mallika
Also given the below details:
Note:
1)The Refund, if any, is issued by State Bank of India on behalf of the Income Tax Department. Interest under
section 244A of the Income Tax Act, 1961 is computed up to the date of issue of the refund. Refunds will be
issued only for amounts exceeding Rs. 100.
2)The Refund status details can be obtained from website www.tin-nsdl.com, under "Status of Tax Refunds". In
case of any difficulty or delay in the receipt of refund, kindly call the State Bank of India Call Center number
080-26599760 to know the status of refund.
3)In case of Demand, this intimation may be treated as Notice of Demand under section 156 of the Income Tax
Act, 1961. Accordingly, you are requested to pay the entire Demand within 30 days of receipt of this intimation.
The payment can be made using the printed challan enclosed. The Tax Payment challan is enclosed where the
Tax Payable exceeds Rs. 100.
4)If you are not satisfied with the intimation under section 143(1) , you may seek rectification under section 154
by filing an application electronically for rectification to CPC, for which the details are available on website
https://incometaxindiaefiling.gov.in/ .
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