https://www.taxtmi.com/manuals?id=4177 Assessment under section 143(1) is a preliminary scrutiny where adjusted total income is computed, tax, interest and applicable fees are calculated on that adjusted income, and an intimation is sent specifying tax payable or refund due. If a declared loss is adjusted, an intimation is issued even when no tax or refund follows. Where no adjustment occurs and no sum is payable or refundable, the return acknowledgement is deemed to be the intimation. A late filing fee is imposed for delayed returns, with a lower fee applied where income is at or below a specified lower threshold. en-us Mon, 25 Dec 2023 18:34:00 +0530 Fri, 05 Jan 2024 10:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=4177 Assessment under section 143(1) is a preliminary scrutiny where adjusted total income is computed, tax, interest and applicable fees are calculated on that adjusted income, and an intimation is sent specifying tax payable or refund due. If a declared loss is adjusted, an intimation is issued even when no tax or refund follows. Where no adjustment occurs and no sum is payable or refundable, the return acknowledgement is deemed to be the intimation. A late filing fee is imposed for delayed returns, with a lower fee applied where income is at or below a specified lower threshold. Manuals Income Tax Mon, 25 Dec 2023 18:34:00 +0530 https://www.taxtmi.com/manuals?id=4177