Naresh Patel (C.A. Final) (144 Points)
13 July 2012Dear Friends,
I had sent my return on 05/07/2012 to CPC Benglore and have received its receipt online on 09/07/2012, but have not received intimation u/s.143(1) alongwith such receipt. So what i will recieve it after few days or anything els i will have to do.
Pls help me....
CA Suraj Lakhotia
(IndigoLearn)
(4898 Points)
Replied 13 July 2012
Intimation u/s 143(1) will be received once your return has been processed. It takes 3-4 months of time.
Prakshal M. Shah
(CA & M.Com)
(69 Points)
Replied 13 July 2012
Dear Naresh,
You are not required to do anything. it is not necessary that you should receive intimation u/s 143(1) alon with your online receipt. if it comes dn give reply and if it not comes then it is ok
CA Suraj Lakhotia
(IndigoLearn)
(4898 Points)
Replied 13 July 2012
@ Prakshal,
Intimation is received in any case and need not be replied. It is just a notification and not a notice.
Prakshal M. Shah
(CA & M.Com)
(69 Points)
Replied 13 July 2012
yes but suraj if there is any mathematical error or appearing mistake dn we required to reply by filing rectification u/s 154
CA.Kanhaiyalal Gupta
(Taxation Incharge)
(290 Points)
Replied 13 July 2012
Correct, reply is necessary if any difference between your working with department working
Paras Khurana
(Chartered Accountant)
(75 Points)
Replied 13 July 2012
Intimation u/s 143(1) is received only in perticular situations like:-
Where the loss declared in the return by the assessee is adjusted but no tax or interest is payable by, or no refund is due to him.
On the other hand,where there is neither any adjustment nor any tax due from or refund payable payable to the assessee, the acknowledgement of the return shall be deemed to be the intimation u/s 143(1).
CA JATINDER KAPOOR
(JOB)
(305 Points)
Replied 13 July 2012
Can't expect that question from a ca final student.
JITENDRA KUMAR GARG
(ARTICLE ASSESSTANT)
(46 Points)
Replied 14 July 2012
under section 143(1) intimation is required in only three casess other wise intimation is not required the three case are as follows-
if tax payble &intrest there on computed by it departmet is more than tax deposited by assess
if tax payable & intrest there on computed by it department is less than tax deposited by you
if there is default in exemption deails (if exemtion claimed by u is more than exemption limits )
otherwise accknowledgement of retur is intimation for the purpuse of section 143(1)
DHARMENDRASINH RATHOD
(CA Final Student)
(24 Points)
Replied 14 July 2012
ya i completely agree with paras ..................
That actually when u receive receipt from CPC for ITR-V it does not seems to processing your return but actual process starts after 2-3 months and then u will receive INtimation by mail . so don't worry about that .......
Ashwani Narnoli
(.)
(1843 Points)
Replied 14 July 2012
CA JATINDER KAPOOR
(JOB)
(305 Points)
Replied 14 July 2012
My dear friend paras and jitender we are know that what is written in the book of direct tax but if you go in real life then intimation u/s 143(1) sent to all the asseess who filed their Income tax return online.
update youself.
CAclubindia
