A domestic company made non domestic by the system

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Tikam (Querist)
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08 December 2011 Friends,

We have filed the return of income for the assessment year 2009-10 without mentioning Domestic/Non Domestic Company ie status was not filled in the return. Our processing of return of income u/s 143(1) was completed as Non Domestic company by the system and charged Income Tax @ 40%. Our Assessment was also completed u/s 143(3) as a Non Domestic company although our company is a domestic company since the date of incorporation ie 19.03.1983. Our previous Assesments were completed as Domestic company. The Income tax is payable @ 30% as Domestic and 40% on Non Domestic. Please advice the action to be taken by us for correction of this error and where the mail/correspondance to be made.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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09 December 2011 Sinc you have filed incorrect information in the Income Tax Return, the assessment has been made at a higher rate.

This can be corrected by filing a rectification return. The same will have to be filed online.

For details & process for filing rectification return, go through this file:

https://www.caclubindia.com/share_files/details.asp?mod_id=42744

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