How to deal when you receive Intimation under Section 143(1)


How to deal when you receive Intimation under Section 143(1)

Created On: | 85 Views

Income Tax
If you have received Intimation under Section 143(1), you are requested to check the reason for receiving intimation. The intimation would show the income tax return as filed by you and the computation as done by the income tax department.

If you have received Intimation under Section 143(1), you are requested to check the reason for receiving intimation. The intimation would show the income tax return as filed by you and the computation as done by the income tax department.

If you are satisfied with the computation done by the income tax department, you should pay the amount of tax payable as per Section 143(1). And in case any refund is due, you don’t have to do anything and you’ll receive the interest in the due course of time.

However, in case you are not satisfied with the computation done by the income tax department, you are requested to contact your Income Tax Officer and discuss with him the reasons for the differences.

RELEVANT POINTS REGARDING INTIMATION UNDER SECTION 143(1)

  • An income tax return can be revised under Section 139(5) even if intimation under Section 143(1) has been received since Section 143(1) is not an assessment but only intimation.
  • In many cases, only a soft copy of Intimation under Section 143(1) is sent to the registered email-id of the taxpayer and the hard copy may or may not be sent to the postal address.
take a break

Subscribe to our Newsletter for Latest News & Updates.