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Sudhir Nair (Managing partner)     01 November 2015

Notice u/s 143(1)

My wife received an sms as follows:

ITR FOR AY 2015-16,ACK NO.--------------- HAS BEEN PROCESSED AT CPC.ORDER U/S 143(1) WILL BE SENT BY EMAIL...

What does the above mean as she hasn't filed any IT returns as we're NRI's staying abroad.Can somebody please help us understand this.

 



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 3 Replies

Rama chary Rachakonda (Secunderabad/Highcourt practice watsapp no.9989324294 )     01 November 2015

Three types of notices can be sent under section 143 (1)

  1. Intimation where the notice is to be simply considered as final assessment of your returns since the CPC or assessing officer has found the return filed by you to be matching with his computation under section 143 (1).
  2. A refund notice ,where Income tax refunds you for extra tax paid, then  you can look forward to the cheque.
  3. Demand Notice where the officer’s computation shows shortfall in your tax payment. The notice will ask you to pay up the tax due within 30 days.

Sudhir Nair (Managing partner)     01 November 2015

Thanks for ur reply

Sudhir Nair (Managing partner)     01 November 2015

Thanks for ur reply

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