Password for income tax intimation

• • • • • • • • • • • • What is Notice u/s 143(1)(a) Communication received u/s 143(1)(a) is communication for proposed adjustment u/s 143(1)(a) received from the income tax department. This notice is issued for the following reasons: Section Reason 143(1)(a)(i) Arithmetical Error in ITR 143(1)(a)(ii) Incorrect Claim in ITR 143(1)(a)(iii) Disallowance of loss claimed in ITR 143(1)(a)(iv) Disallowance of expense claimed in ITR 143(1)(a)(v) Disallowance of deduction claimed in ITR 143(1)(a)(vi) Addition of income appearing in Form 26AS, Form 16 or Form 16A Notice u/s 143(1)(a)(i) Notice u/s 143(1)(a)(i) is issued when there is an arithmetical error in the filed Income Tax Return. It is sent to the registered email of the assessee. The notice mentions income head, amount reported in ITR, amount as per computation, amount of variance and description of error. The assessee must submit a response to this notice within 30 days from the date of issue. Notice u/s 143(1)(a)(ii) Notice u/s 143(1)(a)(ii) is issued when there is an incorrect claim in the filed Income Tax Return. It is sent to the registered email of the assessee. The notice mentions income head, amount reported in ITR, amount as per computation, amount of variance and description of error. The assessee must submit a response to this notice within 30 days from the date of issue. Incorrect claim means: • An item in the ITR is not consistent with the same item or any other item in the ITR • Information that needs to be re...

To Start receiving timely alerts please follow the below steps: • Click on the Menu icon of the browser, it opens up a list of options. • Click on the “Options ”, it opens up the settings page, • Here click on the “Privacy & Security” options listed on the left hand side of the page. • Scroll down the page to the “Permission” section . • Here click on the “Settings” tab of the Notification option. • A pop up will open with all listed sites, select the option “ALLOW“, for the respective site under the status head to allow the notification. • Once the changes is done, click on the “Save Changes” option to save the changes. 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. Followin...

Synopsis It is important that an individual reads this income tax notice. This is because this notice informs you whether the income tax calculation you gave in your ITR matches that of the tax department as per their information. Read on to know how to read this income tax notice and the information that must be checked. The process of filing This intimation notice is sent under section 143(1) of the Income-tax Act, 1961. The notice is sent on the tax return filer's registered email ID by the tax department. Further, an SMS will be sent on the filer's registered mobile number informing the individual that the intimation notice has been sent to the registered email ID. Chartered Accountant Naveen Wadhwa, DGM, Taxmann.com says, "The government has revised the time limit for issuing of intimation notice by three months effective from April 1, 2021. The intimation notice must be issued within 9 months from the end of the financial year in which the tax return is furnished." A) Your income details, deductions claimed, and tax calculations matches with the tax department's assessments and calculations: In this case the notice will show that there is no additional tax payable by you. Also, both tax payable and refundable will be shown as zero. B) Additional tax demand notice: There may be a situation where you would have missed reporting a particular income in your income tax return or have wrongly claimed a deduction or calculated your tax incorrectly due to which there is addi...

Many of us become confused when accessing PDF files downloaded from various government websites. Many papers on the Income Tax and TDS websites require different passwords to open the PDF files downloaded from the respective websites. It can become difficult for an individual to remember all sorts of formats for accessing PDF passwords. For this purpose, the following blog is dedicated to how to manage passwords and the format for I-T and TDS Passwords. Whether it's a pan card pdf password or a password for form 16 , we've covered it all. Did you know? 59% of people use the same password in their social media accounts! Importance of Password Passwords play a critical role in ensuring the information is not accessed illegally or unethically. It acts as a line of defence by protecting our information online. A strong password must consist of one lowercase, one number and a special character. Important documents such as PAN, Form 16, PAN card etc., have different formats of passwords to protect personal information. Example of a strong password: c21give@we! Password formats Let's look at the format of all these different kinds of passwords. • PAN Card The Indian income tax department issues a laminated card that contains the unique Permanent Account Number (PAN) and other identifying information for anybody who has applied for a PAN Card. A PAN number is a 10-digit alphanumeric code used to group all of an individual's interactions with the IT department. This category includ...