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intimation u/s 143

vaishali jain (12 Points)

27 March 2018

what kind of intimation is this and how to respond to it

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Vinaya Kumara K H (Accounts Executive) (259 Points)
Replied 27 March 2018

What is notice u/s 143(1)(a) of Income Tax Act?

In the AY 2017-18, several taxpayers have received this notice. The income Tax department sends this notice seeking a response to the errors/ incorrect claims/ inconsistencies which attract adjustment(s) under Section 143(1)(a) of the I-T Act.

A number of taxpayers who had filed their returns for AY 2017-18 have received emails from the Central Processing Centre (CPC) seeking clarification under section 143(1)(a) of the I-T Act to the mismatch between the income and deduction when compared to Form 16, Form 16A or Form 26AS.

Recipient of the mail is given a time period of 30 days from the date of receiving the intimation to send a response. If the recipient fails to respond, the return is processed after making necessary adjustment(s) u/s 143(1)(a), without providing any further opportunities in this matter.

How to respond to notice received under section 143(1)

If details provided by you in your tax return are verified by the Income Tax department and no discrepancies are found then the notice will serve as final assessment of the return. All you need to do is to take a print out of the notice and keep it safely with your tax related documents.
If you are getting a refund, wait for the cheque or direct transfer of cash into your account. However, if you do not receive a return due to wrong information being furnished at the time of filing return then you need to send a request for reissue of refund. Click here to know how you can send a request for reissue of refund.
If there is a tax demand then this intimation becomes notice of demand u/s 1 e otce says case of Demand, this intimation may be treated as Notice of demand u/s 156. Accordingly, you are requested to pay the entire dead t days of recet of ts tato