Intimation u/s.143(1) of the itact, 1961

Dear Sowmya

Its not necessary that we receive an intimation only if there is any difference in the income declared and filed by us and as per section 143 (1). 

143 (1) is a summary assessment and majority of the returns are first assessed under that, the intimation you have received is just for your reference and records.

Hope this solves your query.

Warm regards

Ravi Dasija

Dear friend.... intimation u/s 143(1) is only issued in three cases as per theory nd d cases are if u have any tax refund, if u have any tax payable nd dere is any reduction in itr losses...bt practically it is issued in every  cases even if u dnt have any sch sitution so u need not to do any thng....its just for giving u infrmtion dat the return filled by u is accepted by the IT department..................

Dear Ravi...i m not agree with u....as per my knwledge...143(1) is not any assessment....its just a intimation letter...n all d filled return is processed under dis section....whereas only 2 to 3% filled return is only processed under scrutiny assessment...............

THANKS & REGARDS..

Sneha Jalan

Dear Sneha

I don't deny the fact that only 2% to 3% cases are selected for scrutiny assessment and I even agree that 143 (1) is not an assessment, what i meant is for most of the cases rather for all CPC is now issuing the intimation u/s 143 (1) and we all know that it is called as summary assessment thats why I had used these words before.

Hope I have made myself clear.

Regards

Ravi Dasija 

Dear Ravi,

Yes I totally agree with u bt its nt right to named the intimation u/s 143(1) as a summary assessment..Bcz it vll create a confusion between 143(1) & the real summary assessment u/s 143(3).

Thanks & Regards,

Sneha Jalan