ITR Filing, Income Tax Notice 143(1): If you do not respond to the notice once received from the IT department, TDS may be deducted from your salary.
Intimation Under Section 143(1): After you file the Income Tax Return (I-T return), the department sends an Intimation Notice. If you pay more or less tax, then in both these circumstances the IT department sends an intimation notice.
Intimation notice is in case of short tax payment to the taxpayer to pay the balance amount and settle the issue. If someone sends an amount more than the tax, then in that case the Income Tax Department refunds the remaining amount in the concerned person’s account.
What to do if intimation notice comes
If you have received an intimation notice and you have paid less tax, deposit the balance amount of tax. So that your monthly salary comes in full and there is no deduction in TDS. For example, if according to your income you had to pay income tax of one lakh rupees, but you have deposited 90 thousand, then you can deposit the remaining amount again. On the other hand, if you have filled more than the fixed amount, then the refund will come to your linked bank account.
What is intimation notice under section 143(1)?
People have to file their income tax return on or before 31st July of the year. After filing the return, the tax department processes the return. During this process the IT department may find various discrepancies, such as data, calculations etc. In such cases the department will send a notice, also known as intimation notice under section 143(1).
This notice is sent to the registered email ID of the tax payer. An SMS is also sent to the registered mobile number informing that the intimation notice has been sent to the registered email ID.
Failure to comply with the intimation notice may harm you
If you do not respond to the notice once the information is received from the IT department, then you may suffer losses such as TDS may be deducted from the salary or less salary may come.
