ITR Filing- What is Income tax Intimation Letter Under Section 143(1), Password and Time Period?

Once your ITR documentation has been processed, the Income Tax Department will notify you under Section 143 (1) of the Income Tax Act, letting you know if you owe any additional tax or if you are due a refund. The Department sends Income Tax Intimation notices to the tax filer's registered email address under Section 143(1) of the Income Tax Act 1961. Furthermore, the Department sends an SMS alert to the tax filer informing them that the notification has been sent to their registered email address. The intimation notice specifies whether the taxpayer's income tax calculation in the ITR corresponds to the Department's calculation based on the information it has.

What is intimation under Section 143(1)?

Individuals must file income tax returns by July 31st of the assessment year. Once the return has been filed, it is processed by the tax department. Following receipt of notification from the department, various scenarios may arise as a result of incorrect TDS deduction from salary and under-reporting of income.

There are three possible outcomes. The first possibility is that no demand for income tax is made, leaving the assessee stress-free. The second possibility is that you will receive a tax refund. The third point is that there is a tax demand.

It is critical for the taxpayer to first identify the scenario and then correct the computation. For example, if TDS is not taken into account by the department, one can apply for it to be taken into account, reducing the tax liability. As a result, there are numerous permutations and combinations, and the response will differ from case to case.

What is in the tax intimation Letter?

Taxpayers should read the notification notice carefully. It contains information such as income, claimed deductions, and whether or not the calculation matches the department's assessments. If the taxpayers failed to report any income in the ITR or claimed a deduction incorrectly, the intimation notice may make an additional tax demand in some cases. If the taxpayer overpaid taxes, the refund may be included in the notification notice.

Income tax Intimation Letter Password

Enter your PAN number in small case, followed by your date of birth in DDMMYYYYY format, to open the Income Tax Intimation letter.

Time period

Even if you receive the notice soon after filing your tax return, the maximum time limit for sending this notification is nine months from the end of the fiscal year in which the return was filed.

Scope of assessment under section 143(1)

• According to the income tax department's website, assessment under section 143(1) is similar to a preliminary check of the income tax return. At this point, no detailed examination of the income return is performed. At this point, the total income or loss is computed after making the following adjustments (if any), namely: I any arithmetic error in the return; or
• Allowance of claimed loss if the previous year's return for which set-off of loss is claimed was filed after the due date specified in section 139(1)
• Disallowance of expenditure indicated in the audit report but not included in the computation of total income in the return.
• Deductions claimed under sections 10AA, 80IA to 80-IE are disallowed if the return is filed after the due date specified in section 139(1)
• Addition of income appearing in Form 26AS, Form 16A, or Form 16 that has not been included in computing total income in the return. However, no such adjustment shall be made in relation to a return filed for the fiscal year 2018-19 and subsequent years.

Request for Resending Intimation Order u/s 143(1)/154

After CPC processes the Income Tax Return, the taxpayer receives an Intimation at their registered email address. To resend the Intimation order, follow the steps below.

• Access the 'e-Filing' Portal at https://www.incometax.gov.in/iec/foportal/.
• From the 'My Account' menu, select 'Service Request.
• Choose 'New Request' as the 'Request Type.' Select 'Intimation u/s 143(1)154/16(1)/35' as the 'Request Category.' and then press the 'Submit' button
• Enter the following information:
• Return Type Assessment Year Category (Indication under Section 143(1))a subcategory (if applicable)
• To view the status of a submitted form, click 'Submit.'
• Access the 'e-Filing' Portal at https://www.incometax.gov.in/iec/foportal/.
• From the 'My Account' menu, select 'Service Request.
• Select 'New Request' as the 'Request Type,' 'Intimation u/s 143(1)154/16(1)/35' as the 'Request Category,' and click 'Submit.'
• Click the 'Submit' button.