It is an intimation U/s 143(1) stating that the returns submitted have been accepted by the Govt and Income Tax calculation matches with their calculation and there is no tax to be paid....refund will follow soon...
It comes in all 3 modes....today got email and SMS.....a hard copy by courier / speed post will come soon...last year did not get a hard copy by courier,don't know if they have discontinued the same....
One cycle of EW are completed from 2017 to 23 oct 2017 now fresh cycle started. I absolutely have no idea what fundamental factor triggerd but technically this is what i see