Intimation U/S 143(1)

Querist : Anonymous (Querist) 30 June 2010 This query is : Resolved
What Is Intimation U/S 143 (1) and whether I need to do anything if it shows Nil Demand.

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Kumar Thadhani (Expert) 30 June 2010
It is intimation that your income has been assessed according to your income declared in your Return of Income.If your income shows that the the demand is NIL, it means that you have nothing to pay as Income Tax as demand.

Vineet (Expert) 30 June 2010
The intimation u/s 143(1) can be safely treated as assessment order unless the case is picked up for scrutiny. The document shows your income as assessed by the Department based upon the return filed by you (without any further verification) and computation of ax liability.

This intimation is a vital document and can be used as proof of income or tax clearance for many purposes. So keep it safely. As there is Nil demand, you need not to do anything further.

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