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Intimation u/s 143(1)

CA Seema Kochar (CHARTERED ACCOUNTANT) (636 Points)

10 January 2012

Is Intimation issued u/s 143(1) is an order for the purpose of form 3CD clause25(a)

i.e Details of brought forward loss or depreciation allowance, in the following manner to the extent available....

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6 Replies

Pavan Kumar (Manager - Finance) (126 Points)
Replied 10 January 2012

143(1) is an intimation only not an order

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Yogesh Bhandari (CA FINAL Student) (429 Points)
Replied 10 January 2012

Under Sec. 143(1) it is just the processing of returns and an error free assessment of tax by software. Further, as per sec., 156 it is an order cum demand of an order.

Hence, Intimation u/s 143(1) is considered as an order for the purpose of form 3CD clause25(a) i.e Details of brought forward loss or depreciation allowance, in the following manner to the extent available....

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Yogesh Bhandari (CA FINAL Student) (429 Points)
Replied 10 January 2012

And Acknowledgement or ITR-V will became deemed intimation u/s 143(1), if no intimation u/s 143(1) received from deptt....

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Pavan Kumar (Manager - Finance) (126 Points)
Replied 10 January 2012

Intimation u/s 143(1) is not considered as an order for the purpose of form 3CD clause25(a) i.e Details of brought forward loss or depreciation allowance, in the following manner to the extent available....

Here you have to give the details of losses (assessed figures) as per the order, where in you will not give the figures as per the intimation received U/s143 (1) because intimation is a summary assessment not an assessment order.