Intimation u/s 143(1)

As per section 143(1), intimation is a summary of the details you have submitted to the tax department and the details the department has considered while processing your return.

The fallowing information’s shall be contains in the intimation order

Permanent Details of the assessee like name, address, etc.

Income Tax Return filing details like acknowledgment number, filing date, etc.

Refund sequence number, in case of refund

Tax Calculation as provided by you in the Return of Income

Tax as Computed under section 143(1) of the income tax act {i.e. As per Department}

Reason for issuing of intimation u/s 143(1) 

Comparison of Advance Tax, Self-assessment tax and TDS, etc., from 26AS.

Disallowance of expenditure indicated in the audit report but not taken into account in computing the total income in the return

An incorrect claim, which is apparent from any information in return. For example, if the deduction u/s 80C is claimed more than the maximum permissible deduction u/s section 80C i.e., Rs 1,50,000, the excess shall be disallowed and reflected in your intimation u/s 143(1). Another example may be that rent income is deducted from business income, which is not shown under Income from House Property.

 

Read Also : Section 140A : How To Self-Assess Your Tax Amount ?

 

Calculation of Tax, Late filing fees, Interest, etc.

Claiming the losses for carry forward to next year when the return is submitted after the due date / set off of losses of the previous year where the return was filed after the due date.

Whether deduction under section 10AA, 80-IA, 80-IAB, 80-IB, 80-IC, 80-ID, 80-IE has been taken after the due date of the Income Tax Return

Time limit for Issue of Intimation u/s 143(1)

As per section 143(1), intimation shall be issued within 1 year from the end of financial year in which the return is filed and not after that.

What should be done on receiving intimation u/s 143(1)?

On receiving the intimation u/s 143(1), there’ll be two cases, either you’ll agree with the computation done by the department or you’ll not.

 

In case you agree with the tax amount payable or the amount of refund due, You would be required to pay the amount of outstanding taxes, or you will simply receive the amount of refund shown in the intimation u/s 143(1).

In case you do not agree with the calculations done by the income tax department, You can opt to file an online request to rectify your income tax return under section 154 or file an appeal under section 246A.

And, if the net amount refundable or payable is zero, then you can treat the intimation received u/s 143(1) as the completion of the return filing process from the Income Tax Department for the financial year in relation to which the return was filed.

What if no intimation is received till the expiry of one year?

If intimation not received within one year from the end of financial year in which you have filed your return, then your ITR–V acknowledgment will be deemed your intimation in that case.

 

Read Also : Section 139(8A): Updated Return (Added by FA 2022 w.e.f. 01/04/2022)

 

What is the password to open intimation u/s 143(1)?

The attachment received is a password-protected file. The ITR intimation password for opening the attachment/file received is your PAN number in lowercase followed by your date of birth in DDMMYYYY format.

For Instance, Suppose your PAN is CEVPT1212J and your birth date is 2nd November 1993, then the intimation order password to open your online intimation u/s 143(1) shall be “cevp1212j02111982”.

How to get the Intimation u/s 143(1) from ?

we can get your intimation u/s 143(1) from the income tax portal as well with the following steps:

Step 1: Log in to the e-filing portal and enter your login credential.

Step 2: On your dashboard, click on the e-file and hover over the Income tax return. Click on ‘View Filed Returns.

Step 3: You will see a page with your filed returns. Click on the Download Intimation Order.

How to respond to intimation u/s 143(1) of the income tax act?

Step 1: Log in to the income tax e-filing portal.

Step 2: Click on the “pending actions” tab and then select the e-proceedings option and select e-assessment.

Step 3: Select adjustment u/s 143(1)(a)

 

Read Also : Inquiry Notice before Assessment of Tax

 

Step 4: Intimation notice details will be displayed; click on the submit button to start the process of responding intimation notice.

Step 5: You will be able to see the mismatch found, select the drop-down next to the response, and submit a response to that particular mismatch.

Step 6: Justify your response and submit the supporting documentation.

Step 7: Your response will be acknowledged after clicking on submit button.