Notice of adjustment(s) u/s 143(1)(a)

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Kamal Nayan

9 Points Posted on 26 July 2017

I am a salaried person in the 30% tax slab. My only source of income is salary plus some amount from equity investment.

As you all know, from this year (AY 2017-18) there is an option to declare the Exempt income (For reporting Purposes) in ITR-1.

I had declared this and I got an email 'Communication of proposed adjustment u/s 143(1)(a) of Income Tax Act, 1961'with following

Addition of income appearing in Form 26AS or Form 16A or Form 16 which has not been included in computing the total
income in the return-143(1)(a)(vi)

The difference is exactly the same amount that I had declared as exempt income. Was it wrong from my side in declaring my long term capital gains from equity in the exempt income section ?

How should I respond to this notice ? Could anyone please advise ?

Thanks and Regards,

Kamal

Replies (9)

sanjay

student

31 Points Posted on 27 July 2017

You can login to income tax portal under e proceedings give the reply as i disagree with the addition

Pushpreet

Asosciate

59 Points Posted on 27 July 2017

Please refer this thread /forum/communication-u-s-143-1-a--410813.asp

Pushpreet

Asosciate

59 Points Posted on 27 July 2017

Please refer this thread /forum/communication-u-s-143-1-a--410813.asp

CA Prakash

Chartered Accountant

475 Points Posted on 28 July 2017

Compulsorily you have to Submit online response under e-proceeding option available for you in income tax portal. For more information on communication of proposed adjustment u/s 143(1)(a) visit https://www.simplifiedlaws.com/communication-of-proposed-adjustment-us-1431a-of-income-tax/