Intimation U/s 143(1)

Tax queries 473 views 1 replies

I have received notice u/s 143(1) for my partnership firm for A.Y. 2009-10, the return for same was electronically filled on 16/03/2010, wherein there was loss of Rs. 3061, but due to late filling i have not claimed loss to be carried forward in my return.

In notice which i have received, under coloum " As computed under sec 143(1)" Department has shown Rs. 3061 under " loss in current year to be carried forward", whereas in coloum " As provided by Tax Payer" the same is Rs. 0.

Kindly guide what need to be done by me ?

Regards
Divyesh

Replies (1)

Dear Divyesh,

Intimation under section 143(1) as the name suggests is an intimation from department of income tax. This is system generated and processed at centralised processing centre at Bangalore for online return filing.
 

Further, the system is still not full proof, even though the department is trying very hard. We have seen non- credit TDS, causing raising demand in crores.

We request you to plese send us the intimation you have received from department on " info @ taxmantra.com"

Lets us review it.

 

Regards,

Team Taxmantra

Providing hassel free online tax solutiuons

 


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