How to Respond to Notice u/s 143(1) – Letter of Intimation

Three types of notices can be sent to you u/s 143(1):

1.

Intimation where the notice is to be simply considered as final assessment of your returns since the AO has found the return filed by you to be matching with his computation under section 143(1).

2.

A refund notice where the AO’s computation shows excessive tax paid by you.

3.

A demand notice where the AO’s analysis shows shortfall in your tax payment. The notice will ask you to pay up the tax due within 30days.

Time limit for the notice to be served is up to 1 year after completion of relevant Assessment Year. Notice is sent after the expiry of one year from the end of the Financial Year in which the return is filed.

How to reply to notice received under section 143(1)?

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.

2.

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.

3.

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

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