Co operative society taxation
This query is : Resolved
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??
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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Unregistered suppliers utility
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Difference between Date of Payment and Date of Deduction?
- Same demand raised for original as well as rectification request return
- Sale of property held jointly with a non resident Indian
- ITR 4 and Bank transactions
- TDS AND ITR ISSUE
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- The TDS balance for March 26 shows a mismatch between the books and the portal; what should be done
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
