Sub: Processing of Income
Tax Return under section 143(1) of Income Tax Act 1961 which were filed in
forms ITR 1to 6 and Applicability of section 143(1)(a)(vi)
Finance Act 2016 has introduced clause (vi) to section 143(1)(a) w.e.f.
01.04.2017 which prescribes that while processing the Income Tax Return , Total
Income and Loss shall be computed after addition of income appearing in Form
26AS or Form16 or Form16A not included in computation of total Income in ITR.
Intimations proposing adjustment in identified
return under section 143(1)(a)(vi) of the Act would be shortly issued by the
CPC ITR , Bangalore for AY 17-18
E-Mail/SMS
Communication of Variation/Reasons for
Proposed Adjustment
(a) Since
section 143(1)(a)(vi) is being applied for first time, so before issuing an intimation for proposed adjustment,
taxpayer will be informed about potential reasons for making addition in his/her total income under this clause by
way of email or SMS communication.
(b)
The Taxpayer receiving such communication has to submit his response to the
variation within 1 month electronically.
Procedure for response
to intimation u/s 143(1)(a)(vi) electronically
1)
For furnishing the
response electronically, taxpayer is required to login in his account in the
e-filing site and choose the option (View-Returns/Forms) .
2)
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)(vi) is pending'.
3)
The taxpayer can click on the same & submit his response. See the diagram below :
ght:normal'>(b)
The Taxpayer receiving such communication has to submit his response to the
variation within 1 month electronically.
Note: File
reconciliation statement In the format provided by CPC -ITR on e-filing site.
Compiled by
Megha Bansal
CA Finalist
Sandeep Ahuja & Co.
