Section 143(1)(a)(vi) of the Income-tax Act, 1961 (‘Act’) as
introduced vide Finance Act, 2016, w.e.f. 01.04.2017, prescribes that while
processing the return of income, the total income or loss shall be computed after
making adjustment for addition of income appearing in Form 26AS or Form 16A or
Form 16 (the three Forms) which has not been included in computing the
total income in the return.
Process to be followed by the Tax Payer
As intimations proposing adjustments in identified returns under
section 143(1)(a)(vi) of the Act would be shortly issued by the CPC-ITR,
Bengaluru, the process to be followed by the taxpayers for filing the response
is as under:
For
furnishing the response electronically, taxpayer is required to login in to his
account in the e-filing site and choose the option (View-Returns/Forms). In a
case where communication/intimation has been issued to the taxpayer u/s
143(1)(a)(vi) of the Act, the status will be displayed in the dashboard as
‘Response to Communication/Intimation u/s 143(1)(a) is pending’. The taxpayer
can click on the same and submit his response.
If Tax
Payer Fully agrees:
Where
upon receiving the awareness message or formal intimation u/s 143(1)(a)(vi) of
the Act, if the taxpayer fully agrees with the proposed adjustment, he is
required to file a revised return in response.
If Tax
Payer Fully disagrees:
Where
upon receiving the awareness message or formal intimation u/s 143(1)(a)(vi) of
the Act, the taxpayer disagrees with the proposed adjustment, he is required to
file a reconciliation statement (in the format to be provided by CPC-ITR on the
e-filing site) in support of his contention.
If Tax
Payer Partially agrees:
Where
upon receiving the awareness message or formal intimation u/s 143(1)(a)(vi) of
the Act, if the taxpayer partially agrees with the proposed adjustment, he is
required to (i) file a revised return for the part of the proposed adjustment
with which he is in agreement & (ii) file a reconciliation statement (in
the format to be provided by CPC-ITR on the e-filing site) for the part of the
proposed adjustment with which he is not in agreement.
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