What is an Assessment Intimation u/s 143 (1)?

Assessment Intimation u/s 143 (1) is issued by the I-T Dept. if the Assessee has either overpaid or underpaid his tax. If he has paid more tax, then the notice will intimate him of the refund amount. If he has paidless than the liable amount, then the letter will notify him of the actual amount payable along with challan copy. Please note that Intimation 143 (1), as the name suggests, is only an intimation, and not an investigation or assessment order. Below is a sample of Intimation 143 (1).

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• Within how much time should I receive an intimation u/s 143 (1)?

  You will receive the intimation u/s 143 (1) within a year from the filing of returns. If you don’t receive any intimation within this time, it means that the returns are not required to be revised or modified.

• Why did I get a Tax Notice u/s 156?

  A Demand Notice u/s 156 is sent to you by the I-T Dept. for demanding payment for any additional tax liability, interest or penalty that may be levied on you. This demand is raised by your assessing officer in respect of any assessment order for ...

• By when should I receive final assessment order u/s 143(3)?

  You will receive the final order u/s 143(3) within 21 months of the assessment year in which taxes were filed.

• Why did I get a notice u/s 143 (2)?

  You received a Notice u/s 143 (2) to inform you that a Scrutiny Assessment will be carried out by an assigned Assessing officer (AO) to ascertain whether your claims for deductions, exemptions, etc. are factually and legally correct. The AO has to ...

• How should I respond to Scrutiny u/ 143 (2)?

  Once you receive a Scrutiny Assessment 143 (2), you are expected to submit all the necessary proofs and documents online in the e-Filing portal, as demanded and which can prove the accuracy of your returns. After considering all the evidence, the AO ...