Password to open income tax intimation notice under section 143(1) This Intimation informs the taxpayer whether their filed returns align with the tax computation conducted by the tax department
Once the Income Tax Department has processed a taxpayer's income tax return, it will communicate with them or notify them of an Intimation under Section 143 (1). It indicates if a taxpayer's filed returns and the tax computation made by the tax department match. Notifications under Section 143 (1) are sent by the Income Tax Department to the taxpayer's registered email address or through the taxpayer's registered account on the income tax e-filing system.#sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;} .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px} #sr_widget.onDemand .sr_desc{margin:0 auto 0;} #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;} #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important} #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%} #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;} Tax implications for senior citizens after budget 2024, know what changed and what continues
When can a taxpayer get Section 143 (1) notifications?
Under Section 143 (1), notifications are sent in the following situations:When there is a refund owed on a taxpayer's return, but the tax department changed anything
If the taxpayer is required to pay more tax or interestWhen the taxpayer's return has been submitted but there is no demand or reimbursement. In addition, taxpayers may receive an SMS indicating that the notification has been delivered to the registered mobile number.
How to open and read the intimation received?
You can download the tax intimation notice to your PC or smartphone after receiving it under section 143(1). To download your tax intimation notice, you can also go to the income tax department's official website and click on "income tax intimation 143(1) download.What to do if intimation under section 143 (1) is received after filing ITR: How do I reply to income tax notice under section 143 (1)?
What is the password to open Section 143 (1) notifications
According to the HDFC Life website, “Intimations received under Section 143(1) are protected by password for security reasons. This password consists of the taxpayer's PAN (written in lowercase) and the date of birth or incorporation (in the DDMMYYYY format). For instance, if your PAN is "ABCDE1234F" and your date of birth (DoB) is 10th November 1995, the password is "abcde1234f10111995."”Time-limit
Assessment under section 143(1) can be made within a period of 9 months from the end of the financial year in which the return of income is filed.
How to respond to income tax notice under section 143 (1)?
To respond to an income tax notice under Section 143(1), follow these steps, as per the HDFC Life website:Step 1. Understand the nature of adjustments made and the reasons mentioned in the notice.
Step 2. Prepare a response providing appropriate explanations, supporting documents, or corrections.
Step 3. Submit your response within the specified time, either online through the income tax e-filing portal or by physically visiting a designated office.
Step 4. Maintain a copy of your response and proof of submission for future reference.
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This story originally appeared on: India Times - Author:Faqs of Insurances
