143(1) of income tax act, 1961

This query is : Resolved

BHUVANESHWER PRASAD (Querist)
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18 April 2012 hi team,
i have recieved this below mention mail, can somebody help me to understand this.

In case where the attached communication is an intimation under sec
143(1) of Income Tax Act, 1961 for Original / Revised Return and there is a
variance of Rs.100 or more between Tax Credits (TDS/TCS/Advance Tax/Self
Assessment Tax) as claimed by you in the Return of Income and the
computation as per attached Intimation, a separate email will also be sent
providing details on the same. Please note that this is not applicable when
the communication attached is Rectification Order under Sec 154 of Income
Tax Act, 1961

Thanks in advance

UMA SHANKER SHARDA

UMA SHANKER SHARDA (Expert)
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18 April 2012 This mail is a simple communication from central Processing Cell (CPC) that your return has been processed U/s 143(1). If there is difference in tax calculated by CPC and return filed by you and such difference is in excess of Rs.100/- in that case you may approach to the department for rectification u/s 154. The detailed assessment order u/s 143(1) is also being sent by CPC showing total income as per return and accepted by cpc, deduction claimed, advance tax/self assessment tax paid/ TDS as claimed by you and allowed by CPC. Its an intimation and if it is as per your return nothing to worry about it.

BHUVANESHWER PRASAD

BHUVANESHWER PRASAD (Querist)
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18 April 2012 Thanks a lot Mr Uma Shankar for your kind and candid clarification,

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