What is an intimation under 143(1)?
This letter is sent to the taxpayer whenever some tax becomes payable or refundable or there is an increase/ decrease in reported profit or loss after comparing documents such as form 16/ form 16A, form 26AS, audit statements and so on.
Every tax notice doesn't have to be a cause for worry! You should relax and read the letter before trying to think up a response.
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