ITR filing process ends with receipt of intimation notice under section 143(1) – Here’s how to read it
October 31, 2021
CA Chandan Agarwal's Office
The notice issued under sectionn143(1) informs the taxpayer whether the income tax calculation given by him in the ITR matches with that of the tax department as per the information they have.
KEY HIGHLIGHTS
Taxpayers receive this intimation on their registered email id and SMS is also sent on the filer’s registered mobile number.
The notice informs you whether the income tax calculation, interest calculation, refund calculation and the tax paid by you is as per the information the I-T department has.
The intimation notice may say three things–there is no additional tax payable by you, there may be additional tax demand notice, there may be an income tax refund.
KEY HIGHLIGHTS
Taxpayers receive this intimation on their registered email id and SMS is also sent on the filer’s registered mobile number.
The notice informs you whether the income tax calculation, interest calculation, refund calculation and the tax paid by you is as per the information the I-T department has.
The intimation notice may say three things–there is no additional tax payable by you, there may be additional tax demand notice, there may be an income tax refund.
The notice issued under sectionn143(1) informs the taxpayer whether the income tax calculation given by him in the ITR matches with that of the tax department as per the information they have.