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income tax intimation notice: How to read income tax intimation notice under section 143(1)

It is important that an individual reads this income tax notice. This is because this notice informs you whether the income tax calculation you gave in your ITR matches that of the tax department as per their information. Read on to know how to read this income tax notice and the information that must be checked. ....

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tax payable: Income tax refund of this amount will not be paid by tax dept


Synopsis
As per a government press note in 2012, if the amount of income tax refund or tax payable is this much, then you are neither liable to pay such tax demand amount nor will you receive such refund amount in your pre-validated bank account.
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Sec 143 (1) notices sent by the income tax department to taxpayers after processing their returns also indicate the above in cases where there is a refund or tax demand of less than Rs 100.
Did you get an intimation from the income tax department after processing of your income tax return, for a tax demand or tax refund amount of less than Rs 100? If you have, then you are neither liable to pay such tax demand amount nor will you receive such refund amount in your pre-validated bank account. Such tax demand dues will be adjusted against future income tax refunds. ....

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