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After an income tax return (I-T return) has been filed, the tax department sends an intimation under section 143(1) to highlight any discrepancy that might arise from a lower tax paid than what was meant to be paid.
In case of a lower tax paid, the tax payer is meant to pay the balance amount and resolve the issue. And in case of excess amount, the tax refund is disbursed by the department to the assessee’s bank account that is linked for this very purpose.
Individuals are supposed to file their income tax returns on or before July 31 of the assessment year. After the return has been filed, the tax department carries out processing of the return.
During this process, the tax department might come across a number of discrepancies such as that of data, calculations, among others. In such cases, the department will send a notice — also referred to as intimation under section 143(1).
This notice is sent on the tax payer’s registered email ID. An SMS is also sent on the registered mobile number informing that the intimation notice has been sent to the registered email ID.
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