My daughter was a consultant professional in an animation company in Mumbai during FY 2008-09. Filed ITR for AY 2009-10 after due date in form IV. Company has fully deducted tax from her renumaration and paid to dept.While preparing ITR she claimed HBA interest rebate. doing so she has put the eligible interest amount in a wrong column of page 8 partB-T1of the return form.As per her calculation tax refund was due.But dept has not taken HBA interest into consideration and raised a tax demand along with interest u/s 234a b c. Now she has saught rectification. Will the dept condone the small error and reverse the demand?
CAclubindia
