Get immediate income payout after 1 day of policy issuance^
Plan Smarter, Live Better!
The income tax department may discover specific differences in data, incorrect entry of some data, calculation problems, etc., throughout the request processing. As a result, the IT division will send you a letter, known as an Intimation Order.
If you submit an ITR for the fiscal years 2020–21, you'll get the notification by December 31st, 2022.
An intimation is a computer-generated automatic message under section 143(1) that enables taxpayers to review their tax files for inaccuracies.
Ask the IT department to issue the notification once more to confirm that the information contained in section 143 (1) ITR notification is accurate.
When there is no amount due from or refundable to the taxpayer, and no adjustment has been made, the return will be acknowledged as the notification.
Verify the cause of tax liability first; if you concur with the tax demand, you must pay the tax—select Tax on regular assessment (400) under the challan's payment type. Send in response to the same if you disagree with the requirement.
The taxpayer should carefully examine the intimation notice. It contains information on your income, any deductions you've taken, and whether your calculations agree with the department's evaluations.
Your registered email address will receive the message from the Income Tax department. You submit your returns electronically using the email address you enrolled with.
The funds will be transferred to your bank account if you are entitled to a refund. The Income Tax department will let you know once this is finished.
You have 30 days to respond after receiving the notification required by Section 143 of the Income Tax Act. You can also check your online account on the e-filing website if you can't find the information in your email or SMS. There ought to be a record of the notice.
Buy ₹1 Crore Term Insurance at Just ₹575/month1
Life cover up to 100 years of age.
Joint Cover Option
Inbuilt Terminal Illness Benefit
Tax Benefit^
Return of Premium Option~
Life Cover
₹1 crore
Premium:
₹575/month1
1Scenario for Female, Non Smoker, Age: 21 years, Plan Option: Level Cover, Premium paying Term: Regular pay, Policy Term: 25 years, Pay Frequency: Annual, Premiums are exclusive of GST. (Annual Premium of Rs. 6900/12 months(On Average Rs.575/month) (offline premium)
ABSLI DigiShield Plan (UIN: 109N108V13) is a non-linked non-participating individual pure risk premium life insurance plan; upon Policyholder’s selection of Plan Option 9 (Level Cover with Survival Benefit) and Plan Option 10 (Return of Premium [ROP]) this product shall be a non-linked non-participating individual life savings insurance plan. All terms & conditions are guaranteed throughout the Policy Term. GST and any other applicable taxes will be added (extra) to your premium and levied as per extant tax laws.
~Available only on regular pay
^Tax benefits are subject to changes in tax laws. Kindly consult your financial advisor for more details.
ADV/6/23-24/534
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