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Notice u/s 143 (1)

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2 Points Posted on 02 October 2020
what if I showed my Net total income below basic exemption limit and no deduction has been claimed.
Can I receive a notice u/s 143(1).
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On 02 October 2020 at 10:04 Report
Replies (3)
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Tax and Business Consultant
11616 Points Posted on 02 October 2020
You have to show your actual income in income tax return...
if your income is more and you show it less in income tax return, than its chance that you will got income tax notice..
66 Reply
On 02 October 2020 at 10:19
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Tax consultant
5895 Points Posted on 02 October 2020
143(1) notice is given to a person if there's is a mismatch between the declaration of data by the person and the data available with the IT department ,or in case of wrong declaration of investment or error in tds and alll
57 Reply
On 02 October 2020 at 10:27
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Profession Business
28207 Points Posted on 02 October 2020
Sec 143(1)


there are arithmetical errors.
an incorrect claim
disallowance of loss claimed
disallowance of expenditure indicated in the audit report but not taken into account in computing the total income .
disallowance of deduction claimed under section 10AA,80IA,80 IAB,80 IC,80 ID.
44 Reply
On 02 October 2020 at 14:45


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