Answer

1. F

   Facts

   The intimation shows your return figures and CPC's computed figures side by side. Any line where the two columns differ is an adjustment. The final difference becomes either a demand or a change in refund.

2. P

   Provisions and law

   • Sec 143(1), Income-tax Act 1961 (now Sec 270(1))After processing your return, CPC sends an intimation showing tax payable or refund due, after only limited adjustments.
   • Sec 143(1)(a), Income-tax Act 1961 (now Sec 270(2))Adjustments allowed in processing include arithmetical errors, incorrect claims apparent from the return, and income shown in Form 26AS, Form 16A or Form 16 but missing from the return.
3. A

   Analysis

   Go line by line: gross salary, deductions, total income, tax, interest, TDS and taxes paid. If salary is ₹9,40,000 in both columns but TDS shows ₹42,000 against your ₹48,000, the gap of ₹6,000 is a tax credit issue, not an income issue. If total income itself went up, look for an income added from Form 26AS or a deduction cut. The type of difference decides the fix: credit mismatch, rectification, or appeal.

4. C

   Conclusion

   1. 1List every line where the two columns differ.
   2. 2Mark each difference as income, deduction, interest, fee or tax credit.
   3. 3Check Form 26AS and AIS for the year to see where CPC got its number.
   4. 4Decide the route: pay, rectify, or appeal.
   5. 5Keep a one-page note of the differences for your records.

General guidance from TaxSavvy’s library of money processes. Laws change; your Savvy confirms the answer on your exact case before anything is filed.