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jayanti darji

Adjustment notice under section 143(1) a...
I have received a communication from cpc. In the error description it is mentioned that there is inconsistency between Other
Source income in return and Form 26AS.
Rs.10772 received is interest from L&T bond and 10% tax is already paid. How to reply.
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Amlan Dutta
This is basically communication of proposed adjustment of income under 143(1)(a).


In your case , clearly you have to agree with the variance for the simple reason that the income presented is taxable income (Bonds interest income from LNT under other sources) and was not offered in return

For this , ...
This is basically communication of proposed adjustment of income under 143(1)(a).<br /><br /><br />In your case , clearly you have to agree with the variance for the simple reason that the income presented is taxable income (Bonds interest income from LNT under other sources) and was not offered in return <br /><br />For this , you shall head towards e-assessment ..there you will see a link titled prima facie adjustment under 143(1)a , you will opt for e assessment and click on submit ...<br /><br />Under proceedings, there will be a table with the listed line item ( bond interest)and option for you to agree/not agree<br /><br />You will click on agree and it shall display a message that you file revised return within 15  days<br /><br />Check this video in case you want to revise return incorporating interest income from LNT bonds.<br />Link - https://www.youtube.com/edit?o=U&video_id=Lthwwwupth4This is basically communication of proposed adjustment of income under 143(1)(a).<br /><br /><br />In your case , clearly you have to agree with the variance for the simple reason that the income presented is taxable income (Bonds interest income from LNT under other sources) and was not offered in return <br /><br />For this , you shall head towards e-assessment ..there you will see a link titled prima facie adjustment under 143(1)a , you will opt for e assessment and click on submit ...<br /><br />Under proceedings, there will be a table with the listed line item ( bond interest)and option for you to agree/not agree<br /><br />You will click on agree and it shall display a message that you file revised return within 15  days<br /><br />Check this video in case you want to revise return incorporating interest income from LNT bonds.<br />Link - https://www.youtube.com/edit?o=U&video_id=Lthwwwupth4This is basically communication of proposed adjustment of income under 143(1)(a).<br /><br /><br />In your case , clearly you have to agree with the variance for the simple reason that the income presented is taxable income (Bonds interest income from LNT under other sources) and was not offered in return <br /><br />For this , you shall head towards e-assessment ..there you will see a link titled prima facie adjustment under 143(1)a , you will opt for e assessment and click on submit ...<br /><br />Under proceedings, there will be a table with the listed line item ( bond interest)and option for you to agree/not agree<br /><br />You will click on agree and it shall display a message that you file revised return within 15  days<br /><br />Check this video in case you want to revise return incorporating interest income from LNT bonds.<br />Link - https://www.youtube.com/edit?o=U&video_id=Lthwwwupth4This is basically communication of proposed adjustment of income under 143(1)(a).<br /><br /><br />In your case , clearly you have to agree with the variance for the simple reason that the income presented is taxable income (Bonds interest income from LNT under other sources) and was not offered in return <br /><br />For this , you shall head towards e-assessment ..there you will see a link titled prima facie adjustment under 143(1)a , you will opt for e assessment and click on submit ...<br /><br />Under proceedings, there will be a table with the listed line item ( bond interest)and option for you to agree/not agree<br /><br />You will click on agree and it shall display a message that you file revised return within 15  days<br /><br />Check this video in case you want to revise return incorporating interest income from LNT bonds.<br />Link - https://www.youtube.com/edit?o=U&video_id=Lthwwwupth4
  • May 21, 2018
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SNEH

Adjustment notice under section 143(1) a...
Hello, I have received IT notice, "Income as per Form 26AS which has not been included in computing the total income in the return-143(1)(a)(vi)", There is a difference of Rs.58438 which is due to standard deductions - Medical Bills, Conveyance, Food Coupon, Professional tax. While filing the IT re...
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Amlan Dutta
This is basically communication of proposed adjustment of income under 143(1)(a)
In your case , clearly you have to disagree with the variance for the simple reason that the income presented is chargeable income from form 16 whereas 26as contains gross salary income whole of which is not subject to ...
This is basically communication of proposed adjustment of income under 143(1)(a) <br />In your case , clearly you have to disagree with the variance for the simple reason that the income presented is chargeable income from form 16 whereas 26as contains gross salary income whole of which is not subject to tax on account of exemptions and deductions available under salary head (applicable to your case )<br /><br />For this , you shall head towards e-assessment ..there you will see a link titled prima facie adjustment under 143(1)a , you will opt for e assessment and click on submit ...it will open up a table showing variance and option for you to agree /not agree <br /><br />You shall proceed to disagree ...as you click on disagree , a bottom table for justifying shall open up with the following fields (see attached pic)<br /><br /><br />For TAN - Employer TAN (since this is w.r.t salary receipts)<br /><br />Amount paid /credited by deductor - As appearing in form 16 ( Gross) / alternatively take from 26 as <br /><br />Nature of receipt as per deductor - Salary <br /><br />Income /gross receipt as per return - Put in chargeable income that you put in return <br /><br />Head of income/schedule under which reported in return - 17 i.e salary section is actually section 17 of the act <br /><br />Reason - From dropdown select the option <br />"Income is not chargeable to tax/ exempt"<br /><br />Justification - Standard deduction available under section 16 and exemptions available under section 10<br />(You can give detailed breakup here accounting the difference of 58438 Rs i.e x1+x 2+x3 = 58438 .x1,x2,x3 being such and such deductions etc)<br /><br />For attachment, you can attach your form 16 which clearly mentions the standard deductions and show the chargeable income to be the filled figure for salary in your return of income<br /><br /><br />In future, show this exemptions and deductions in return itself .....<br /><br />if you are willing, i would want to record video solution for this case (since this is effecting many people) if i have further details of your case ....you can mail me your credentials and all details at amlandutta007@gmail.com.......This is basically communication of proposed adjustment of income under 143(1)(a) <br />In your case , clearly you have to disagree with the variance for the simple reason that the income presented is chargeable income from form 16 whereas 26as contains gross salary income whole of which is not subject to tax on account of exemptions and deductions available under salary head (applicable to your case )<br /><br />For this , you shall head towards e-assessment ..there you will see a link titled prima facie adjustment under 143(1)a , you will opt for e assessment and click on submit ...it will open up a table showing variance and option for you to agree /not agree <br /><br />You shall proceed to disagree ...as you click on disagree , a bottom table for justifying shall open up with the following fields (see attached pic)<br /><br /><br />For TAN - Employer TAN (since this is w.r.t salary receipts)<br /><br />Amount paid /credited by deductor - As appearing in form 16 ( Gross) / alternatively take from 26 as <br /><br />Nature of receipt as per deductor - Salary <br /><br />Income /gross receipt as per return - Put in chargeable income that you put in return <br /><br />Head of income/schedule under which reported in return - 17 i.e salary section is actually section 17 of the act <br /><br />Reason - From dropdown select the option <br />"Income is not chargeable to tax/ exempt"<br /><br />Justification - Standard deduction available under section 16 and exemptions available under section 10<br />(You can give detailed breakup here accounting the difference of 58438 Rs i.e x1+x 2+x3 = 58438 .x1,x2,x3 being such and such deductions etc)<br /><br />For attachment, you can attach your form 16 which clearly mentions the standard deductions and show the chargeable income to be the filled figure for salary in your return of income<br /><br /><br />In future, show this exemptions and deductions in return itself .....<br /><br />if you are willing, i would want to record video solution for this case (since this is effecting many people) if i have further details of your case ....you can mail me your credentials and all details at amlandutta007@gmail.com.......This is basically communication of proposed adjustment of income under 143(1)(a) <br />In your case , clearly you have to disagree with the variance for the simple reason that the income presented is chargeable income from form 16 whereas 26as contains gross salary income whole of which is not subject to tax on account of exemptions and deductions available under salary head (applicable to your case )<br /><br />For this , you shall head towards e-assessment ..there you will see a link titled prima facie adjustment under 143(1)a , you will opt for e assessment and click on submit ...it will open up a table showing variance and option for you to agree /not agree <br /><br />You shall proceed to disagree ...as you click on disagree , a bottom table for justifying shall open up with the following fields (see attached pic)<br /><br /><br />For TAN - Employer TAN (since this is w.r.t salary receipts)<br /><br />Amount paid /credited by deductor - As appearing in form 16 ( Gross) / alternatively take from 26 as <br /><br />Nature of receipt as per deductor - Salary <br /><br />Income /gross receipt as per return - Put in chargeable income that you put in return <br /><br />Head of income/schedule under which reported in return - 17 i.e salary section is actually section 17 of the act <br /><br />Reason - From dropdown select the option <br />"Income is not chargeable to tax/ exempt"<br /><br />Justification - Standard deduction available under section 16 and exemptions available under section 10<br />(You can give detailed breakup here accounting the difference of 58438 Rs i.e x1+x 2+x3 = 58438 .x1,x2,x3 being such and such deductions etc)<br /><br />For attachment, you can attach your form 16 which clearly mentions the standard deductions and show the chargeable income to be the filled figure for salary in your return of income<br /><br /><br />In future, show this exemptions and deductions in return itself .....<br /><br />if you are willing, i would want to record video solution for this case (since this is effecting many people) if i have further details of your case ....you can mail me your credentials and all details at amlandutta007@gmail.com.......This is basically communication of proposed adjustment of income under 143(1)(a) <br />In your case , clearly you have to disagree with the variance for the simple reason that the income presented is chargeable income from form 16 whereas 26as contains gross salary income whole of which is not subject to tax on account of exemptions and deductions available under salary head (applicable to your case )<br /><br />For this , you shall head towards e-assessment ..there you will see a link titled prima facie adjustment under 143(1)a , you will opt for e assessment and click on submit ...it will open up a table showing variance and option for you to agree /not agree <br /><br />You shall proceed to disagree ...as you click on disagree , a bottom table for justifying shall open up with the following fields (see attached pic)<br /><br /><br />For TAN - Employer TAN (since this is w.r.t salary receipts)<br /><br />Amount paid /credited by deductor - As appearing in form 16 ( Gross) / alternatively take from 26 as <br /><br />Nature of receipt as per deductor - Salary <br /><br />Income /gross receipt as per return - Put in chargeable income that you put in return <br /><br />Head of income/schedule under which reported in return - 17 i.e salary section is actually section 17 of the act <br /><br />Reason - From dropdown select the option <br />"Income is not chargeable to tax/ exempt"<br /><br />Justification - Standard deduction available under section 16 and exemptions available under section 10<br />(You can give detailed breakup here accounting the difference of 58438 Rs i.e x1+x 2+x3 = 58438 .x1,x2,x3 being such and such deductions etc)<br /><br />For attachment, you can attach your form 16 which clearly mentions the standard deductions and show the chargeable income to be the filled figure for salary in your return of income<br /><br /><br />In future, show this exemptions and deductions in return itself .....<br /><br />if you are willing, i would want to record video solution for this case (since this is effecting many people) if i have further details of your case ....you can mail me your credentials and all details at amlandutta007@gmail.com.......
  • May 21, 2018
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sravan

Intimation Notice under 143(1)a...
Hi Amlan,
Can you please help me in responding to section 143 (1), claimed mother FD interest amount (both the columns provided by tax payer and computed u/s 143 showing the same) for refund.
Please find the attached intimation 143 and guide in resolving the same, also online E-proceedings tab is s...
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Amlan Dutta
Relax, this is perfectly in line and you should be happy that department has accepted your filing details ...every taxpayer is bound to get intimation assessment under 143 (1)...it is their right and not a thing to panic and there is no action needed if things are in order ....had you noticed that d...
  • May 15, 2018
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sravan
Thanks for prompt response Amlan ji.
  • May 15, 2018
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sagar patel

Reassessment Notice under section 148...
i have received income tax notice under section 148 of the income tax act 1961
whereas i have reasons to believe that your income chargeable to tax for the assessment year 2011-12 has escaped assessment within the meaining of section 147 of the income tax act.(notice date:25/03/2018)

HOW TO REPLY T....
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Amlan Dutta
If you had no income in that year , then no need to worry ...but know that usually the assessing officer uses this sections when he has reasons to believe that the assesse had taxable income not reported in the filing of return ...Basically, before making assessment/reassessment or re computation of...
If you had no income in that year , then no need to worry ...but know that usually the assessing officer uses this sections when he has reasons to believe that the assesse had taxable income not reported in the filing of return ...Basically, before making assessment/reassessment or re computation of income  under section 147 , assessing officer shall serve on assesse a notice under section 148 requiring him to furnish a return of his income of which he is assessable corresponding to the relevant assessment year even if he has filed return within section 139 within such period...                    <br />                                                                                                                       <br />   NOT APPLICABLE - CASE 1 - The provisions under section 148 require that you furnish the return of income using section 138 within the time line specified i.e 30 days as i can see from the notice served on you  else you will attract interest under section 234 (3) for late filing of return or not filing of return , if the income has already been determined under section 143(1) or assessment ha already been done under 143(3)(Regular assessment)  or 144 or 147     <br />                                                                                                                       APPLICABLE - CASE -2 - On other hand  if assesse has not furnished the return of income ( your case)for the relevant assessment year and no assessment was done under section 144, then interest for late filing of return  in response to a notice under section 148  shall be leviable under 234(1) instead of 234(3)                                                                                                       I advise , you use the offline utility and  file the return using section 148 ( upload xml ) and  and meet your assessing officer for initiating the proceedings ...more often than not this is the best way out and lets the assessing officer know that the assesse is honest and willing to co-operate in the case . Suppose, during the proceedings it is found that there is no taxable income for the relevant assessment year , he will get his order rectified . However , if he proves to you that there was taxable income not reported in filing then the the penal interest and the taxes will apply (Check attached picture for understanding the section under which the return of income has to be filed ...fill it properly showing income from relevant heads and also check 26 AS for any discrepancies in amount paid /credited ).
  • May 12, 2018
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S V

Intimation Notice under 143(1)a...
Hi Amlan,
In your video which seeks to explain how to fill in Schedule S of ITR-2, you have explained how to use Form-16 to fill in the various fields of the ITR-2 Schedule S. My question is - how do you tally the "income earned" figure in Form 26AS (of your employer) with the data provided in the Sc...
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Amlan Dutta
I cannot go into details and etc of all this ...basically concept here is that the chargeable income is alone subject to tax and that is arrived at deducting exempt allowances and section 16 deductions from salary .....whether it matches or not form 26 AS is not the issue ( one cannot and must not ...
  • May 9, 2018
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Amlan Dutta
I will not go into A+ B etc ....basically you can disagree to the demand and mention that the income being offered for tax is the chargeable income and not the gross income etc .....the difference is on account of exempt allowances which you can specify in the reason box as i have already mentioned ...
  • May 10, 2018
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Avadhut Nigudkar

Adjustment notice under section 143(1) a...
Dear Amlan,

I've received a notification email under section 143(1) a

I had filled ITR-4 for presumptive income for the business. According to it, my income is below 2.5 lakhs and so I am not supposed to pay any income tax.

But, as per the notice, it is saying the Tax refund that I am asking which i...
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Amlan Dutta
Your adjustment intimation depicts that you have not shown any business income and also not shown any income from other sources ( interest income) whereas your 26 as clearly shows it .....check your tax credit statement and your return filed and accordingly decide
  • May 7, 2018
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NAUSHAD Ali

Intimation Notice under 143(1)a...
Gud Mrng Sir Myself NAUSHAD ALI
I had file the ITR for my Wife after discussing with you..
I am From Indian Armed Force
Please sèe the attachment I had enclosed with it , after filling the return the income tsk department send me the below attachment please help me what next I would do , and how c...
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Amlan Dutta
Please check my video for intimation assessment and you should be fine ...i see that your intimation assessment agrees with your filing and there should be no problem ...but if i recollect right , you had filed belated return using 139(1) instead of using 139(4) and for that in case you get any noti...
  • April 27, 2018
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NAUSHAD Ali
Yes U got right Sir, but that was for the AY 2017-18 and this is for the AY 2016-17, Thanks Sir I was afraid what intimation I had got but you made it clear..
  • April 27, 2018
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nilanjan ghosh

Intimation Notice under 143(1)a...
i recieved a cpc under sec 143(1) what can i do ?please tell sir
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Amlan Dutta
Everyone filing a return online receives a intimation under section 143(1). It is a preliminary assessment which simply displays the taxpayer computation of his income and taxes paid and the department assessment of the same. In case you find something wrong , you can always raise a rectification. ...
  • April 25, 2018
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