Intimation under 143(1) if it act
vivekxxxxx
(Querist) 07 June 2013
This query is : Resolved
Dear Sir/Madam, I received a letter from income tax deptt. mentioning intimation under section 143(1) of the IT Act, 1961 in which assessment year 2011-12,due date of return 31.07.2011 and date of filling return 15.07.2011 was mentioned.payable/refundable amount is around Rs 1000/-.Date written on this letter is 05.11.2012 (but I received on may,2013).I read somewhere that intimation under 143(1) is invalid if received after one year of assessment year.I received this letter in may,2013.Whether I have to ignore this letter or act?What should I do?Pl help me to guide how to act on this.
Thanks & regards
Anirudh
(Expert) 07 June 2013
You appear to have not heard correctly on this aspect.
If the tax is payable by you, then pay.
If the tax is refundable to you, then you will get refund.
