For FY 2014-15, due date for filing return is 31^st August 2015. Income tax department assesses all income tax returns filed online. After successful assessment of tax returns, income tax department issues intimation under section 143(1). Such intimation is an auto-generated letter by the computers of the Income Tax Department without any human interference. Intimation under section 143(1) should be treated as completion of assessment of income tax returns for the year.    Out of the total returns filed, and even after initial assessment for calculations, some cases are selected for detailed scrutiny. Selection is normally done either randomly through computer system (CASS) or in some cases based upon the internal criteria determined and circulated by the Central Board of Direct Taxes (CBDT). Thus, it is important that one should be compliant with the income tax laws and file income tax returns only after having the self-assurance that the return filed contains all income earned by the person in the relevant year. Therefore, do not forget these things while filing income tax return. This article was written by Alok Patnia on moneycontol.com. Alok Patnia, CEO of Taxmantra.com has been actively involved in the start-up sector of India. He has been advising and mentoring a huge number of start-ups by providing them with necessary hand holding with regards to various issues like Entity Structuring, Funding, Tax and Regulatory compliances and allied issues. He is great insights on the business starting-up and maintenance issues. He is a qualified Chartered Accountant having post qualification exposure with Ernst and Young and KPMG at Bangalore… Read more on moneycontrol.com