Section 143 1 Income Tax India
When does one receive intimation under section 143 1.
Section 143 1 income tax india. Intimation u s 143 1 is a summary of the details which you have submitted to the tax department and the details which department has considered while processing your return. Why and when a notice u s 143 1 a is issued. 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.
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. It has two columns one provides for computation of income tax as per the return you filed and another column provides for computation of income tax as per it department. 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.
Simply on receipt of intimation under section 143 1 go through the intimation under section 143 1. Basically the intimation u s 143 1 contains the following information. Section 143 1 a refers to the intimation order given by the income tax department of india to the assessee against a return filed for any assessment year.
According to the the sec a assessee receives such intimation under following 3 situations where an assessee has paid extra tax then the notice shall mention the refund amount. The provisions of section 143 1 a further provides that when an assessee files income tax return thereof for the assessment year 2018 19 onwards there has to be very clear on the data which is filing in the income tax return data should be very authentic. Sec 143 1 a is the intimation order by the income tax department as against the return filed by the assessee for any assessment year.
Check if both the computation are same. It is necessary to understand what happens after the taxpayer has filed the return of income.