Scrutiny Assessment u/s 143 (3) of Income Tax Act, 1961 | AY 2019-20 | Taxpundit

[@AjayPC1985]

Sir, Thanks for the easy teaching about 143 (3). If 143 (2) not issued within 6 months from completion of an AY then can we settle TDS, ADVANCE TAX, SELF ASSESSMENT TAX and TAX LIABILITY entries on the base of 143 (1)? Our auditor argues that we have to continue for 8 years, we can't take effect of 143 (1) in books before 8 years. If we take effect of 143 (1) in books then if there may be any notices regarding assessment then we can appeal or agree upon demand and act as well. What is the need to continue for 8 years? Is there any provision of penalty if we settle entries in books as per 143 (1)? What about refund credited to bank along with interest? If have to continue for 8 years then which ledger will be credited against received refund? Pls justify this issue and suggest me best way to escape from such long carry forward process as auditor suggest.

[@vankadaridwarakanath9294]

I hope there is no time limit to issue notice/s142(1),so can the Assessing officer issue notice after 6 months from the end of the year in which I T R was filed

[@dayasharma4573]

Sir mera case 143(3) ay1920-21 limited secutiny m 29/6/2021 se chal rha h hamne reply time per de diye h last reply 20/1/2022 ko de Diya h uske baad m ao ki taraf se kuch nahi aa rha h Ab hamara order kab tak ayega

[@jiyachaudhari6496]

Sir I received ITR 143(3) letter without ITR 143(2) notice for F.Y. 2018-19. ITR. 143(3) letter received on 14 October 2023. What I do?

[@RahulKumar-pu9ik]

Itba/nfac/apc notice aya hai kya kare

[@mohdqasim4074]

Sir hame 1 notice aaya h A.Y. 2017/18 ka us hal bataye ji

[@ayushopgaming5541]

Income tax ka audit kaise karte hai, audit para kaise nikalte hai

[@bhupeshjoshi7370]

Hi sir Aap Jo knowledge de rahe ho Uske charges hi bahot he market me Thank u sir Regards CA ASPIRANT

[@Nsrao88300]

Appreciable but res sir always care full for Fy Ay years not be same.... Except that error it is Easy to understand your lecture tq very much

[@tanmayrajsingh1311]

Superb explanation sir. I am getting ur fan. Subscribed

[@TaxPundit]

Thanks

[@RaviKumar-uc5th]

Well explained sir, thanks a lot🙏

[@shreyasithemusicfromheart.5026]

For aassment year 20-21 ka 143(3) ka reply kab tak hoga ...kya isme corona ka time add hoga

[@kamalmallmca3784]

Sir Agar Survey ke badd scrutiny aati he to uska closing kab tak karna padta he.? Thanks

[@vilaspatil9710]

Thanks Sir 👍

[@bichitrabehera5684]

Assessee is a partnership firm and got the 143(3) assessment order by DCIT, December 2019 for the fy-2016-17. Whether this file can review by anybody ? If yes then how and under which section? How can handle this situation

[@vinaykantjha359]

Thanx for valuable information 🙏

[@RITURAJSONY]

Sir is there any time limit increase during covid

[@rajatrathi4126]

If the assesse files return on 26th Sept. and notice u/s 143 (2) is served on the assesse on 3rd Oct. do the assesse reject the same by calling it invalid?

[@geeta1911]

Is there any video on how to file rental income itr

[@TaxPundit]

kzbin.info/www/bejne/eaqti4Gco6eijas

[@geeta1911]

@@TaxPundit it is well explained. I need to know one more thing that I get wpf pension and never mentioned this in any itr till date Is it okay? Also since I have two bank accounts, one combined with son and one individual..doni need to mention both and interests received in both

[@geeta1911]

I get my pension in joint ac

[@TaxPundit]

You have to shown pension in ITR. Also interest on joint account.

[@geeta1911]

@@TaxPunditsince my itr person has not shown in last 8 years separately, so would it create any trouble

[@AnswerStudio]

what is different between 142(1) and 142(2)

[@TaxPundit]

142(1) gives power to AO to serve a notice whereas 142(2) gives power to make any inquiry which AO considers necessary.

[@samyakchemie8767]

@@TaxPundit sir , which is the last date for issuing a scrutiny notice for AY 2019-20 ??

[@shashishinde8202]

Sir I have got a msg u/s 143(1) what shud I do. No details have been received

[@TaxPundit]

Login to incometaxindiaefiling.gov.in and check the status of the Return filed.

[@ManojThakur-ux3fm]

Sir I received notice under sec 148 which I replied by revising return which notice will come after wards. AY 2018 19 when will this case ends.

[@RATAN_BHUIYA]

Apko penalty bhi lagi thi kya?

[@dck693]

What happened if we can't give reply

[@abhaysain-pg3fs]

tq so.. much sir 🙏

[@Bharatwasi123]

Very informative video

[@prakash12364]

Very nice and proper

[@prasantanayak5649]

What is Intimation U/S 143(1)

[@TaxPundit]

There are 4 types of assessments in income tax law. This is one of them and is called summary assessment.

[@gauravgupta8094]

Sir, i am in great trouble help me Sir jaise market me banking kiosk hote ha jo paise bejte ha aur commission lete ha vaise hi mene paise bej diye bahut se logo ke aur commission le liya 15 rupees per 10000 rupees Pe paise mere bank account me deposit kar deta tha aur unko imps kar deta tha, mere pas koi licence nai ha Aesa karte-karte mere account me 15 lac deposit ho gaye saving account me AY 2019-20 me Sir ab me kya karu kuch samaj nai aa raha, bahut logo ke paise beje jo sare bihar se belong karte the, me un logo ko nai janta, me 15-20 rupees leta tha isliye vo mere pas aate the normally market me 200 rupees lete ha per 10000 bejne ke, help me sir Pls sir help me

[@HarshitGupta2009]

Dear sir for my assessment year 2017-18 e proceeding for 143(3) is still going on and showing proceeding limitation date as 31-12-2019, also it shows rectification rights transferred to ast. What does this mean?

[@TaxPundit]

It means the assessment order must be passed on or before 31.12.2019. Since assessment is pending rectification application can be disposed only by the A.O.

[@HarshitGupta2009]

Tax Pundit thanks sir, so no action is required from my side as I already replied to notice online. And just need to wait right?

[@aagamshah7199]

Sir E-Assessment video pls

[@rajudey5052]

Sir well explained thanks

[@vvenkatraman1670]

Very good

[@SAGARSINGH-mo7jh]

Thank you sir g

[@narenderkumargupta1319]

143(1) may again be explained

[@TaxPundit]

Ok

[@vedsiasranchi3811]

यदि कोई व्यक्ति के पास 2019 में income tax जमा करने के बाद 2 लाख बचत होती है , ओर 2020में उसकी आय 6 लाख हो जाय तो क्या 2019 की 2लाख की बचत को 6लाख में जोड़कर आयकर लिया जाएगा

[@TaxPundit]

नही सर। इनकम टैक्स एक बार ही भरना होता है।

[@vedsiasranchi3811]

@@TaxPundit Income tax saving on gold sovereign bond explain kare ek vedio bana ke

[@pandharipande958]

@@TaxPundit l received order u/s 143(1) order is not rectified from 2016 .can get order u /s 143(2) from A . o ?

[@aagamshah7199]

Sir u r best.

[@lxldigvijaylxl]

during demonization m old note deposit hue the ...jo ki business rotation ki wajah se ho gaya tha or 8 tarik ka cash market mai tha jo further 9 ke bad collection hua old currency mai.. ITO ne sab facts samjhe or fir bhi old currency ko 69a mai laga ke income from other source karke tax calculate kar diya jitna bhi old currency deposit hui thi or us pe 60%tax+25surcharge and 16-17 se is tax pe interest laga ke order issue kar diya ...i need suggestions from u what i do further ....i need second suggestions

[@voiceofspirituality5807]

Apne ay 2019-20 likha or fy bhi 2019-29 likha

[@TaxPundit]

"FY in which Return is filed" = 2019-20

[@SUNNYKUMAR-kx3qu]

Thanks sir

[@paraschandel2162]

Sir...... I got a lot of confusion out of my head because of this video

[@TaxPundit]

धन्यवाद सर, इस वीडियो को देखने के बाद आपके कन्फ्यूजन दूर हो गए है या आप और ज्यादा कन्फ्यूज हो गए है? कृपया स्पष्ट करे। धन्यवाद।

[@paraschandel2162]

Sir aasaan ho gaya mere liye ye section..... Aapka dil se dhanyawaad karta hoon. Bahut bahut abhaar.... 🙏🙏🙏🙏🙏

[@TaxPundit]

Thank you Sir. Keep watching & sharing our videos.

[@adisml555]

Sir, for FY 16-17 they had issued notices from Aug19 onwards few were not reached to me..on 15th Dec2019 they passed assessment order..was it correct ?

[@venkateshwaralutb8695]

15 th dec passed order

[@geeta1911]

I have received a notice of 143(2) and 142(1) for the financial year 2012-2013

[@TaxPundit]

This may be a case of assessment u/s 147. In such situation the notice should have been issued u/s 148. Please check earlier notices and find out whether notice u/s 148 is received by you or not.

[@geeta1911]

@@TaxPundit thank you very much I have sent you another msg asking for same..now they say that I overspent 70 k app. So how much tax will they ask me on that

[@darwar4060]

PAN: AAWPW1885B AY: 2017-18 Dated: 09/10/2019 Notice No : ITBA/AST/F/142(1)/2019-20/1018701113(1) Notice under Sub Section (1) of Section 142 of the Income Tax Act, 1961 Sir/ Madam/ M/s, In connection with the assessment for the assessment year 2017-18 you are required to: a) Furnish or cause to be furnished on or before 14/10/2019 at 04:10 PM the accounts and documents specified overleaf. b) Furnish and verified in the prescribed manner under Rule 14 of I.T. Rules 1962 the information called for as per annexure and on the points or matters specified therein on or before 14/10/2019 at 04:10 PM. c) The above mentioned evidence/information is to be furnished online electronically in 'E-Proceeding' facility through your account in 'e-filing' website of Income Tax Department. d) Para(s) (a) to (c) are applicable if you have an account in e-filing website of Income Tax Department. Till such an account is created by you, assessment proceedings shall be carried out either through your e-mail account or manually (if e-mail is not available). e) In cases where order has to be passed under section 153A/153C of the Income Tax Act, 1961 read with section 143(3), assessment proceedings would be conducted manually. Yours faithfully SIR I HAVE RECIEVED THIS NOTICE HOW CAN I RESPOND THIS NOTICE .KINDLY SUGGEST ME.

[@TaxPundit]

You have to submit details asked for in the letter.

[@pradeep4908]

SIR i need your contact

[@TaxPundit]

Pls ask your question here