CBDT instructs CPC to send alert messages and
mails to tax payers asking for response for the proposed income/loss
adjustments prior to issuing intimation u/s 143(1) & response / revised
return to be filed by the taxpayer
For processing of Income-tax Returns which
were filed in forms Itr-1 to 6 and applicability of section 143(1)(a)(vi) CBDT
has issued Circular No.1/2018 dated 10/01/2018
As per circular of
CBDT now CPC will be sending intimations proposing adjustments in identified
returns under section 143(1)(a)(vi) of the Act, the process to be followed by
the taxpayers for filing the response is as under:
Since section 143(l)(a)(vi)
of the Act is being applied for the first time while processing the returns
before issuing an intimation of the proposed adjustment, the taxpayer will be
informed through an e-mail and SMS communication about the variation in the
tax-return vis-a-vis the information available in 26AS/ Form16
and Form 16A (the three Forms) and requesting him to submit response to the
variation within one month of receiving the communication electronically.
It is of utmost
necessity that the concerned taxpayer files a prompt, timely and satisfactory
response to the awareness campaign or subsequent intimation proposing
adjustment u/s 143(1)(a)(vi) of the Act.
In case the taxpayer
does not respond within the available time-frame or the response is not
satisfactory, a formal intimation u/s 143(l)(a)(vi) proposing
adjustment to the returned income would be issued to him.
In a case where no
response is received from the taxpayer within thirty days of issue of such intimation,
the proposed adjustment shall be made to the returned income.
The manner for
furnishing response by the taxpayer is as under:
- For furnishing the
response, taxpayer is required to login in his account in the e-filing site and
choose the option (View-Returns/Forms).
- 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) is pending'.
The taxpayer can click
on the same and submit his response.
For furnishing
response on receiving the
awareness message or formal intimation u/s 143(1)(a)(vi) of the
Act, options are as under:
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I.
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if the taxpayer fully agrees with the
proposed adjustment, he is required to file a revised return in response on receiving
the message or formal intimation u/s 143(1)(a)(vi) of the Act.
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II.
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if the taxpayer partially agrees with the
proposed adjustment, he is required to
(i)
file a revised return for the part of the
proposed adjustment with which he is in agreement &
(ii)
file a reconciliation
statement for the part of the proposed adjustment with which he is not in
agreement.
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III.
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If taxpayer disagrees with the proposed
adjustment, he is required to file a reconciliation statement in support of
his contention.
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