What is Section 143

Question

What is Section 143

Accepted Answer

Section 143 of the Income Tax Act, 1961 deals with the processing of income tax returns by the Income Tax Department.

Section 143 allows the Income Tax Department to scrutinize the filed returns and verify the information provided by the taxpayer.
Under Section 143(1), the department may issue an intimation to the taxpayer if there are any discrepancies found during processing.
Section 143(2) allows for a detailed scrutiny assessment where the taxpayer may be required to provide additional information or documents.
The taxpayer has the right to respond to any discrepancies or queries raised by the department under Section 143.
Section 143 also covers the issuance of refunds to taxpayers if any excess tax has been paid.
It is important for taxpayers to be aware of the provisions of Section 143 to ensure compliance with the Income Tax Act.

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