Section 143(1)

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 October 2011 What is this section 143 of IT Act?

11 October 2011 It is an intimation sent to the assessee specifying the sum payable by the assessee by a due date. This is a deemed notice of demand issued u/s 156 of the income tax act.
Also an acknowledgment of the return shall be deemed to be intimation u/s 143(1) where either no sum is payable by the assessee or no refund is due to him.

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 November 2011 Much Thanks.




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