INTIMATION U/S 143(1) OF THE INCOME TAX ACT

[bpagrawal]

Tax payers plz pay attention about INTIMATION U/S 143(1) OF THE INCOME TAX ACT

It is very positive step that income tax department to assess all income tax returns filed online quickly. After successful assessment of tax returns by income tax department, issues Intimation u/s 143(1). Normally these intimations will be received through email to the Email address provided in filing income tax returns online. This Intimation u/s 143(1) should be treated as completion of assessment income tax returns for the year unless there is tax due from the tax payer.
We treat this as Intimation of completion of assessment of income tax returns, Intimation of Income tax refund in case refund is due from income tax, India. If net taxable income is more than total tax paid, this Intimation u/s 143(1) will be treated as demand notice for payment of income tax due to income tax department.
We have to interpret the Intimation u/s 143(1) as follows:-
http://www.lawweb.in/2013/11/tax-payers-plz-pay-attention-about.html

[deepakgadgil]

Sir,
In technical terms, once an intimation u/s 143(1) is accompanied by a notice of demand u/s 156, then for the purpose of the act this intimation has to be treated as an order only as notice u/s 156 is to be issued only as a result of an order.