Intimation u/s 143(1) of the incometax act,1961

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Hi,

I got an mail from incomet tax office banglore intimation u/s 143(1) of the income tax  act,1961 Saying that the NET AMOUNT REFUNDABLE  Rs1,670 /- and net amount payable is Rs 0/- .This means that they will refund the amount or not.If they refund ,they will do it by online tranfer to my account given in filing return or through cheque.I have a query on this and Kindly tell me my next procedure to be done for this mail.

Waiting for your favourable Reply.

 

Thanks & Regards

SHAR

 

 

 

Replies (7)

It will refund amount as per option you have selected in filing income tax return.............

Yes you will get the refund of Rs.1670. 

At the time of filling of return assesses are asked to select one of the option through which they want refund i.e. by an account payee cheque or by direct credit to your bank account. So just check which option you opted for this.

At present you need not do anything about this. Just keep the hardcopy of this mail safely and wait for the refund. 

You need not to answer that intimation.This is only to intimate you about your refund.Althogh,If you are disagree with your refund amount,You can reply the same.

How you will get refund is depend on the option you would have selected at the time of filing return.

Dear Shar,

Did you mention MICR Code during return filling?

If not then it will come to your mention address the cheque of tds refund.

 

Hi Dhar,

I had given the option of directly transfering the amount to my bank HSBC account.But i got doubt HSBC is foreign bank.They will credit the amount or not .

 

 

Originally posted by : DHARMENDRA SHARMA


You need not to answer that intimation.This is only to intimate you about your refund.Althogh,If you are disagree with your refund amount,You can reply the same.

How you will get refund is depend on the option you would have selected at the time of filing return.

 

Dear All,

 

 

I had given the option of directly transfering the amount to my bank HSBC account.But i got doubt HSBC is foreign bank.They will credit the amount or not .

 

 

Regards

SHAR.

Even it is a foreign Bank, they will credit it to your bank. You need not answer to the intimation. Just be sure that you have provide correct account number and MICR Code.

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