80c

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
12 December 2012 Dear Sir,
Suppose net profit u/s 44AD is Rs. 240000/-in AY 2012-13 and assessee's 80C investment is Rs. 80000/-.
Whether he can claim these Rs. 80000/- to get full exemption in AY 2012-13.
Please advise me.

12 December 2012 Yes he can. No problem in this.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
12 December 2012 Actually, I did the same, however cpc has considered his 80C only Rs. 123/- in intimation u/s 143(1).
There are two columns side by side in intimation u/s 143(1).
In my case, it is thus -
deduction u/s 80 in return - Rs. 80000/-

As comuted by cpc - Rs. 123/-

I am wondering that from where cpc got this sum.

12 December 2012 Same thing happen to one or my client,in this case Deduction u/s 80C, in both column shows same amount but in total deduction column, amount shows only 1322 which is same figure of Interest income.
I thought there should be some clerical error.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
12 December 2012 yes, obsolutely same case and the same has been happened in 3 cases and cpc calculated tax also on 80C amount. Now please suggest me what is the remedy for the same.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
12 December 2012 Please reply soon.

12 December 2012 I have filed online for rectification

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
13 December 2012 There are one option to select while uploading the rectification -

Rectification request type -
1. taxpayer correcting the data in rectification.
2.No further data correction is reqired, Reprocess the case.

Which opition I should select in the above case, as there is no change in data from my end but I want cpc to consider 80C amount.
Please advise me.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
13 December 2012 Please reply

13 December 2012 select 2nd option, it will show further 3 options, select the options of computation of tax


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro

Follow us
add to google news


Answer Query



Company
ARTICLESHIP 30 June 2026
Article Assistant or Paid Assistant

VIKAS VERMA & CO

New Delhi

Others

View Details
Company
22 June 2026
Accountant

Global Image Technologies Private Limited

New Delhi

MBA

View Details
Company
22 June 2026
Finance Manager- Chartered Accountant

Triveni Turbine Limited

Bengaluru

CA

View Details
Company
Featured 24 June 2026
HEAD - AUDIT AND TAXATION

A R JADHAV AND ASSOCIATES

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 24 June 2026
ARTICLE ASSISTANT

BHUPINDER SHAH AND COMPANY

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 07 July 2026
Articleship

Jawahar and Associates Chartered Accountants

Hyderabad

CA Inter

View Details
Company
06 July 2026
C.A./CA Inter OR pursuing C.A./GST/Accounts/Audit/IT - Head

Arvindkumar Maniar & Co.

Rajkot

CA

View Details
Company
11 July 2026
CA Inter, CA Intermediate, CA IPCC, CA CPT , CA SemiQualifie

Vakilsearch.com

Chennai

CA Inter

View Details