143 1 Section Of Income Tax

Intimation under section 143 1 is proof of processing of your income tax return.
143 1 section of income tax. If details provided by the taxpayer and as verified by the income tax department match. You have to follow the following procedure to make response with the department first of all need to accumulate the return of income which is filed relevant documents form 16a form 26as and find. S vasudevan partner lakshmikumaran sridharan attorneys told moneycontrol that section 143 1 of the income tax act 1961 provides for processing of a return of income in determining the total.
Go to e proceeding menu option and where as you will find e assessment option. Once the income tax department has processed your income tax return itr it sends you an intimation notice under section 143 1 of the income tax act. This notice is sent to you on your registered email address as registered in your e filing account to inform you whether the income tax calculation in the itr filed by you matches that of the tax department as per the records other sources of information they have.
Intimation u s 143 1 a many taxpayers have received notice under section 143 1 a after filing their income tax returns for ay 2017 18 or ay 2018 19. The intimation under section 143 1 must be sent within one year of filing the tax returns that is by 31st march of that assessment year. Any incorrect claim or deduction made.
If the assessee has paid extra then the refund amount intimation will be mentioned in the notice. Letter of intimation u s 143 1. This information is updated till 19 november 2018.
Based on the return filed by you the department checks. It just shows that your income tax return is free from any arithmetic error or incorrect claim apparent from any information in the return. Under section 143 1 the tax department completes the assessment without calling you to the department.
Intimation under section 143 1 can also be. Then the notice will serve as final assessment of the return with nothing to be done on part of the taxpayer and the department. For section wise details of income tax act 1961 subscribe to taxmann s income tax module.