Section code of income tax

This query is : Resolved

Abhishek Roy Choudhury (Querist)
Follow

05 February 2016 Dear Sir,
Please tell what is the difference between Sec 143(1) and Sec 1431a in Income Tax Act.

Kindly tell as early as possible which would be helpful for me.

Thanks,
Abhishek Roy Choudhury.

Ganeshbabu K

Ganeshbabu K (Expert)
Follow

05 February 2016 The intimation under section 143(1) is the proof of return processed as submitted.This is a preliminary assessment and is referred to as summary assessment without
calling the assessee (i.e., taxpayer).

If there is errors in return filed due to which demand for tax payable was issued then 143(1a) notice will be given.(like mismatch in tds claimed in return vs 26as.mismatch of details provided in return with 26as,)
Same can be rectified by filing 154 rectification

Message likes : 1 times