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TMI BlogProcessing of Return (Intimation) - Section 143(1)X X X X Extracts X X X X X X X X Extracts X X X X ..... ing adjustments, to the returned income:- (i) any arithmetical error in the return; (ii) an incorrect claim, if such incorrect claim is apparent from any information in the return; (iia) any such inconsistency in the return, with respect to the information in the return of any preceding previous year, as may be prescribed; [ Inserted vide Section 42 of the Finance Act, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ril, 2018. Notes: * Intimation before making adjustment - Before making any such adjustment, an intimation has to be given to assessee be duly considered before effecting any adjustment. However, If no response is received within 30 days of issue of such intimation, the processing shall be carried out incorporating the adjustments. After processing, intimation shall be sent if t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... andatory processing of return of income before issuance of assessment order Section 143(1D) * In respect of return furnished for AY 17-18 or thereafter processing of return u/s 143(1) is necessary issue intimation even if AO already issued Scrutiny Notices u/s 143(2). Set off and withholding of refunds in certain cases * However, to address the concern of recovery of revenue in doubtful ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in writing to such person of the action proposed to be taken under this sub-section. [ Section 245(1) ] * Where under any of the provisions of this Act, a refund becomes due or is found to be due to any person. * Where a part of the refund is set off under the provisions of u/s 245(1), or where no such amount is set off, and refund becomes due to a person, and the Assessing Officer, havi ..... X X X X Extracts X X X X X X X X Extracts X X X X
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