The taxpayers’ income tax returns are first collected electronically at the Centralised Processing Centre (CPC). Once the returns are processed, the Income Tax Department sends an intimation to the taxpayers under section 143 1 of income tax informing them of the results.
Individuals with a certain amount of taxable income in India are required by law to file an Income Tax Return within a certain time frame, according to government regulations. An income tax return is a form or a set of forms that assists a taxpayer in disclosing his gross taxable income, deductions, and net tax liability from different sources.
Salaried people, self-employed individuals, businesses, banks, Hindu Undivided Families, and others have to file income tax returns. By visiting the Income Tax Department’s website, you can file your income tax returns online. E-filing is the term used to describe the method of filing an income tax return electronically.
Following e-filing, the Income Tax Department is responsible for handling the Income Tax Return applications. During the processing of the request, the Income Tax Department may discover inconsistencies in data, errors in calculations, incorrect entry of such data, and so on. The Department will issue a note, also known as an Intimation Order, in such situations.
In this article
- When does one receive intimation on ITR?
- Types of Income Tax Intimations
- Section 143(1) of the Income-tax Act – FAQS
When does one receive intimation on ITR?
There is a chance that you will get an Intimation Order from the IRS after filing your tax return. Let’s look at some of the most common reasons for getting a notice from the IRS.
|Discrepancies in the return filed||When there is a difference between the sums you report and the records kept by the Income Tax Department, this condition will arise. You may have failed to report any of your earnings or given incorrect details. You will be notified by the Income Tax Department in certain situations.|
|TDS error||The most popular form of error with Income Tax Returns is the TDS number error. Your boss may have deducted money from your paycheck for TDS purposes in the past. You will get a notification from the IRS as a result of this.|
|Document review||The Income Tax Department may request a review of the documents on which a taxpayer has filed his Income Tax Returns in a variety of circumstances. The Department should submit an intimation to the taxpayer for this reason, and the taxpayer should reply promptly with the appropriate documentation.|
|Declaration of investments made in name of spouse||Many citizens want to purchase valuable assets such as property, fixed deposits, buildings, and other items under the names of their spouses or other immediate relatives in order to avoid paying taxes. On the other hand, these funds belong to the owner and must be reported when filing an income tax return. Citizens will be notified by intimation from the Income Tax Department.|
|Random Scrutiny||The Income Tax Department may simply submit an intimation to the taxpayer to conduct a random audit of the records and data used to file Income Tax Returns. Under this situation, the taxpayer must work with the Department to supply them with all relevant information.|
|Intimation u s 143 1||Both income-tax returns are processed to correct arithmetical errors, internal irregularities, tax estimation, and tax payment verification at the Intimation u/s 143(1) level. At this time, no income verification is carried out. It is done entirely by data engineering, with no human intervention.|
Types of Income Tax Intimations
Intimation under 143(1) Income Tax Act
If an assessee has spent more or less than the sum he is currently entitled to pay, he will obtain intimation under Section 143(1). The assessee must make the payment and settle the problem if the payment is less than the real sum. In the event that he makes a reimbursement that is greater than the real sum, he will be notified of the refund amount by intimation.
Notice under Section 142(1)
The Income Tax Department sends this notification with the purpose of collecting papers, books of accounts, or other written evidence in order to examine the assessee’s records and return.
Notice under Section 143(2)
The Income Tax Department sends this notice to the assessee to remind him that his request for an income tax return will now be submitted for a thorough examination. This notice is normally submitted after the Notice under Section 142 has been sent (1). It indicates that the Assessing Officer has not acquired any valid documentation or that the collected documents are not satisfactory.
Notice under Section 148
If the Assessing Officer believes any taxable revenue has been overlooked, he has the authority to evaluate and reassess the income. The assessee will be given an Intimation under Section 148, and the Assessing Officer must mention the reason for the evaluation specifically.
Notice under Section 156
This is also known as a Notice of Demand, and it is sent to an assessee with instructions to pay certain taxes, interest, or penalties.
Notice under Section 139(9)
In the event of a faulty return, the Assessing Officer will submit this note. If the Assessing Officer believes that an assessee’s income tax return is incorrect and needs to be corrected, he will issue a notice under Section 139. (9).
Notice under Section 245
This is a notice from the Tax Department informing an assessee of some changes made by the department against the outstanding payable tax using the refund number.
Section 143(1) of the Income-tax Act – FAQS
Q1. What if I don’t get my intimation under section 143(1) even after the above-mentioned time limit has passed?
When no balance is owed from, or refundable to, the assessee and no change has been rendered, the acknowledgment of the return is considered to be the intimation.
Q2. I obtained a claim notice for Rs.5000 under section 143(1) of the Indian Penal Code. What do I do if I’m in this situation?
You are expected to pay the tax if you comply with the tax demand. In the challan, choose Tax on daily assessment (400) as the form of payment.
Q3. How do I open a Section 143(1) intimation that I got in the mail?
For anonymity, the intimation obtained under Section 143(1) is password protected. You will open the mail by entering your PAN and date of birth.
Q4. After getting intimation under section 143 (1), can I file a revised return?
Even before the intimation is provided, a taxpayer may file a revised return. The same can be obtained by going to the IRS website and filing a section 139 return (5).
Q5. What if I don’t get my intimation under section 143(1) even after the above-mentioned time limit has passed?
The acknowledgment of the return shall be considered to be the intimation in a situation where no amount is due by, or refundable to, the assessee, and where no change has been rendered, even though no intimation has been issued by the taxpayer even after the close of the stated duration of one year.