arjun agarwal (ipcc 1st group passed) (85 Points)
06 March 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178226 Points)
Replied 06 March 2018
Notice under Section 143(1)(a) is sent seeking a response to the errors/ incorrect claims/ inconsistencies which attract adjustment(s) under Section 143(1)(a) of the I-T Act. i.e. seeking clarification to the mismatch between the income and deduction when compared to Form 16, Form 16A or Form 26AS.
1. Log in to the Income Tax Department website
2. Go to “E-Proceeding” Tab and choose “E-Assessment/Proceedings
3. Click on “Prima Facie Adjustment u/s 143(1)(a)”
4. Now you can click on “Reference ID” link to see the notice received to you on mail.
5. Click on “Submit”.
6. Click on the dropdown under the column “Response” and choose any of the two responses.Agree to addition or Disagree to addition. Justify the response with proper reasons.
7. Click on “Submit”. Once you submit your response, you will see an acknowledgement screen.
There will not be any impact in current year's ITR, unless under 'full scrutity proceedings'
S ELAVARASI
(ACCOUNTANT)
(2975 Points)
Replied 06 March 2018
Sir.,
One of the Assessee filed ITR and get Notice 143(1) as er following...
Total Income Tax Refund
* "As Provided by Taxpayer in Return of Income" - Rs. 6390 (Rounded Off Rs. 6392)
* As Computed Under Section 143(1) - Rs. 6420 ( Rs. 6392 + Rs. 32 (INTEREST U/S 244A ON REFUND (on item 46 above)) = 6424 and After Rounded Off Rs. 6420 will be refundable...
What can I do now about the Notice...
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178226 Points)
Replied 06 March 2018
My dear,
Its intimation u/s. 143(1) about acceptance of your filed ITR (without any objection) and hence the refund (with interest) will be credited to your bank account within a week...... So, cheers.....
No need to do anything/reply the same; unless you have any rectification to earlier filed ITR.
The notice as referred above is u/s. 143(1)(a)...... that is for mismatch betwen return filed and its supporting documents like form 16/A, form 26AS etc...... there you need to reply.
S ELAVARASI
(ACCOUNTANT)
(2975 Points)
Replied 13 March 2018
Dear Sir.,
How to I Reply this notice... Please give your solutions...
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178226 Points)
Replied 13 March 2018
Check any transactions which are reported to department by agencies like bank etc....
Also check if the gross total income of the assessee in corresponding year.....
If mandatory to file ITR, .....File it before end of month and respond accordingly in the slip.....
S ELAVARASI
(ACCOUNTANT)
(2975 Points)
Replied 13 March 2018
Can I use the Last date as 31/03/2018?
How to I reply to ITD?
Any formats available or as NMS only
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178226 Points)
Replied 13 March 2018
Yes, last date can be 31.03.2018.
No more format required, just fill in 'Tear off Slip' sign, take photocopy & submit.
Important is to file return, if gross income is above BEL...... otherwise just reply accordingly.
S ELAVARASI
(ACCOUNTANT)
(2975 Points)
Replied 13 March 2018
Thank You for the reply Sir...
Small Hotel Business can opt Sec 44AD...?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178226 Points)
Replied 13 March 2018
Yes, if within turnover limit, & run by individual/firm
S ELAVARASI
(ACCOUNTANT)
(2975 Points)
Replied 14 March 2018
| Originally posted by : Dhirajlal Rambhia | ||
 |
Yes, if within turnover limit, & run by individual/firm |  |
Sir.,
Within Turnover limit means 1 Cr u/s 44AB and 2 Cr u/s 44AD... Am I correct?
S ELAVARASI
(ACCOUNTANT)
(2975 Points)
Replied 14 March 2018
Sir.,
1. How many years A Assessee can opt Presumptive Scheme? Any Limit of Years?
one more question sir...
A civil Contractor file his ITR 4 u/s 44AA for last few years and his income not exceeding Rs. 70 Lakhs... In AY 2017 - 18 his income near by 88 lakhs... But, He declare income Above 8%....
Is the account under Tax Audit...? or No need...? Can He file without Tax Audit...?
S ELAVARASI
(ACCOUNTANT)
(2975 Points)
Replied 14 March 2018
| Originally posted by : Dhirajlal Rambhia | ||
|
Yes, if within turnover limit, & run by individual/firm | |
Thank You Sir...
Please which code I use this case?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178226 Points)
Replied 14 March 2018
1. Yes.........2 Cr as per Query for presumptive assessment
2. No restriction for continuation to declare under presumptive scheme....
3. 0708 Service Sector [Hotels]
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