TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Manuals
of of All Manuals
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Preliminary Income Tax Checks Under Section 143(1): Intimations Sent for Adjustments, Payments, or Refunds</h1> Assessment under section 143(1) involves preliminary checks of income tax returns. Adjustments are made to compute total income or loss, and based on this, tax, interest, and fees are calculated. Taxpayers receive an intimation detailing amounts payable or refundable. If no tax or refund is due, an intimation is still sent if losses are adjusted. No intimation is sent if no adjustments or payments are necessary. Additionally, a fee is imposed under section 234F for late filing, amounting to Rs. 5,000, or Rs. 1,000 if the total income is below Rs. 5 lakh.
TaxTMI 
TaxTMI 
