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

INTIMATION U/S 143(1) OF THE INCOMETAX 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:-

  1. If “NET AMOUNT REFUNDABLE” mentioned in Intimation u/s 143(1) letter more than Rs 100, there is a tax refund due from income tax department to tax payer. Refunds amounting less than Rs 100 won’t be refunded. You can check refund status online https://tin.tin.nsdl.com/oltas/refundstatuslogin.html
  2. If “NET AMOUNT DEMAND” mentioned in Intimation u/s 143(1) letter more than Rs 100, there is tax amount due from tax payer. This will be treated as demand notice for the payment of income tax due. This Intimation letter encloses challan form to pay income tax if the due is more than Rs 100.

If “NET AMOUNT REFUNDABLE /NET AMOUNT DEMAND”  is less than Rs 100, you can treat this Intimation u/s 143(1) as completion of income tax returns assessment under Income Tax Act. It can be useful for the proof of Income/ Completion of income tax returns assessment.

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

  1. Tushar P Pithadia says:

    I have received mail ffrom CPC centre regarding my Refund Amount Mismatch from Claimed amount. but there is shown in Form26as whatever tax deducted from my salary in January 2010 month. So What i do? Give me need full help..

  2. SHRIOM GUPTA says:

    sir how i know my refund amount before i get cheque from cpc center.
    but my refund status is shown in the income tax deptt. site is only date

  3. Sumanshu Bali says:

    Mr. Tushar you just have to take a print out of 26 AS, And mail it to CPC Bangalore along with a copy of your ITR, And a letter of representation, then you will definately got your refund back…..

  4. Sumanshu Bali says:

    Shri Om dear refund amout is that amout which you have claimed from It Dept. ok, and you will nt b able to know that what amout of efund it dept. is sending to you.

  5. DAKSHESH B MEHTA,ADVOCATE says:

    we are not getting exactly what, we want
    we need intimation u s 143 ( 1) from income tax dept. for Ass. year 2009-10

  6. Jyoti Jain says:

    I have not recieved intimation u/s 143(1) for AY 2009-10. Although, I have received the refund check and there is a lot of difference in the refund i claimed and refund i am getting. Please advice how can i get the intimation again? I filed the return online but as per the online status, my case was transferred from CPC to local assessing officer. Please advice.