REPLY TO A NOTICE U/S 143(1) OF INCOME TAX ACT

Under Section 143(1) the tax department completes the assessment without calling you to the department. Based on the return filed by you, the department checks

·         The arithmetical errors in the return or

·         Any incorrect claim or deductions made.

·         Incorrect brought forward Loss claimed

·         Mismatch of dis allowance of expenditure mentioned in audit report and income tax return

·         Income appearing form 26AS, but not considering in return.

 

The intimation u/s 143(1) will have two columns, (a) the tax determined as per the return filed by you (b) the tax determined by the department after making any changes. If the Intimation u/s 143(1) doesn’t show any difference (or mismatch), keep this document along with a copy of Income tax return filed by you as proof of completion of assessment. In case of mismatch in the Intimation, you can follow the followings steps :

Step 1: compare two columns, (a) As provided by Tax Payer in Return of Income (b) As computed under section 143(1) and check the difference, find out the reason for the difference.

Step 2: File online rectification application u/s 154(1) correcting the mistake appearing in the intimation received u/s 143(1).

Step 3: After filing rectification u/s 154(1) login to ePortal of the income tax department and file online response.

Step 4: File online grievances if you are not satisfied with processing of your return/rectification return by Central Processing Center (CPC).

I would be glad to know your doubts or queries. In case you need our assistance in relation to Intimation under section 143(1) of Income Tax Act 1961 , please feel free to post your query at ishugoel582@gmail.com.