Hi Friends
what to do in my case where demand of only Rs. 2 is raised by department (CPC Banglore). How to submit Rs. 2 in the Bank.
or
we can avoid it and adjust this Rs. 2 in the next ITR..
Plz tell me ....
Vipul Garg (Company Secretary) (60 Points)
31 August 2010Hi Friends
what to do in my case where demand of only Rs. 2 is raised by department (CPC Banglore). How to submit Rs. 2 in the Bank.
or
we can avoid it and adjust this Rs. 2 in the next ITR..
Plz tell me ....
CA. BIJENDER KR. BANSAL
(ACA, B.COM)
(8143 Points)
Replied 31 August 2010
IF DEMAND IS RAISED, THEN IT IS BETTER TO SUBMIT IT WITH INTERST .
Viraj
(Financial Analyst)
(26 Points)
Replied 02 September 2010
well said CA Bansal ? :)
My friend Vipul, the dept ignores any refund if it is less than 100 nor it expects u to pay anything if ur resultant demand is less than 100.
Max
(Professional)
(38 Points)
Replied 14 September 2010
Can some one tell me for Notice issued under section 143 (2), what is the procedure.
The assessment is already done and refund issued. But there is a notice under section 143 (2) for AY 2009-10. If some part of income and loss has been missed in the calculation for this AY can a revised return be file after assessment is complete and a notice under 143(2) issued?
What is the process? Can these be carried forward to the next year?
M .K. Jha
(CA Final)
(484 Points)
Replied 14 September 2010
After Assessment done U/S 143(2) you can't do revise the return........and cannot claim losses to be carry forward.
CA.G.Muguntha Narayanan
(Internal Auditor at TVS Motors)
(2195 Points)
Replied 14 September 2010
UR income can be increased after 143(2) assessment. Hence, u will be asked to pay tax on the increased income. Loss can be minimised, but it cannot be increased in 143(2) assessment
CAclubindia
