CPC processes returns and issues intimation u/s 143(1) — TDS reconciliation, basic computational adjustments. Time-limit: within 9 months from end of FY in which return filed (FA 2017 reduction from 12 to 9 months). Adjustments allowed:…
143(1)
ITA 1961 · Section 143(1)
Section 143(1) — Summary Intimation
CPC processes returns and issues intimation u/s 143(1) — TDS reconciliation, basic computational adjustments. Time-limit: within 9 months from end of FY in which return filed (FA 2017 reduction from 12 to 9 months). Adjustments allowed: (i) arithmetical errors; (ii) incorrect claims apparent from return; (iii) disallowance of loss claimed where return is belated; (iv) disallowance of deduction where return is belated; (v) addition of income appearing in Form 26AS but not in return.