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Section 143 (1) – Summary assessment Introduction: This is the preliminary assessment without calling the assessee i.e. Tax payer. Scope of assessment under section 143 (1): Under this assessment the general scrutiny is carried to discover the basic errors. Some adjustments (if necessary) are done to compute the correct income tax. The following are the adjustment, if required, namely: What to Do After Receiving Section 143 (1) Intimation It is crucial to review your Section 143 (1) intimation carefully, regardless of the outcome: Thorough Review: Compare every figure in the intimation (total income, gross total income, deductions, tax payable, TDS, refund /demand) with your original ITR and your tax computation workings. An intimation under Section 143 (1) of the Income Tax Act is a communication sent by the Income Tax Department (ITD) after processing your Income Tax Return (ITR) filing. It essentially acts as a summary of the ITD’s assessment of your tax liability. This intimation details the income you declared, compares it with information received from third parties, and presents the calculated tax amount. It also highlights any discrepancies, specifies any tax demand or refund you’re entitled to ... Download Intimation 143 (1) After the Income Tax Return is processed by CPC, taxpayer receives an Intimation at their registered email ID. Perform the following steps to download the Intimation order.
