Are You Ready for Unexpected Tax Demand vide Intimation u/s 143(1) for AY 2017-18 ?

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By this time a majority of tax payers specially Individuals & HUF must  have filed tax return for the assessment year 2017-18  . Many of them must be awaiting refunds also. But one change that became effective from assessment year 2017-18 may just give many tax payer a shock when they get intimation from the CPC Bangalore .Yes, CBDT has just issued a circular by which tax payers who file tax return in  Form ITR-1 have been saved from on slaught of this new tax provision .

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