what happens in intimation
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Intimation with no demand or no refund – This generally happens if the department has accepted the return as filed without carrying out any adjustments to it. b. Intimation determining demand – issued in case of adjustments made under Section 143 (1) due to a discrepancy found and tax liability is arrived at.
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Intimation u/s 143(1) is the first stage where all Income-tax returns are processed to correct arithmetical mistakes, internal inconsistencies, tax calculation and verification of tax payment.
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