Co operative society taxation
This query is : Resolved
Abbas Shakir
(Querist)
04 April 2019
Hi,
The assessee is a co-operative bank. It had obtained the PAN of a company till AY 2014-15. After that PAN was cancelled and replaced by PAN of AOP. Now the problem here is that the assessee had filed the returns prior to AY 2015-16 using PAN of a company. Upto AY 2013-14 surcharge was not applicable to co-operative society, but since the assessee had filed the return using PAN of a company, department has raised the demand for tax payment. Is there any way out for this??
The assessee is a co-operative bank. It had obtained the PAN of a company till AY 2014-15. After that PAN was cancelled and replaced by PAN of AOP. Now the problem here is that the assessee had filed the returns prior to AY 2015-16 using PAN of a company. Upto AY 2013-14 surcharge was not applicable to co-operative society, but since the assessee had filed the return using PAN of a company, department has raised the demand for tax payment. Is there any way out for this??
CA PARAS BAFNA
(Expert)
07 April 2019
The assessee can appeal or request for the demand raised by the department by making the same as a question of the facts about the status of the assessee.
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