Demand letter
This query is : Resolved
jeeshuagrawal
(Querist)
30 April 2014
what is meaning of income tax demand
Nischit Sanghavi
(Expert)
30 April 2014
After filling of Return, ITO will scrutinize your Return and send a notice u/s 143(3) of the IT Act. Under this notice, officer will ask you to submit some details related to Expense, sales, Purchase etc. and you have to convinced him that your Books of Account is matched with return filed details. If he is not satisfied then he issued notice of Demand. Under which he demand tax amount for which he is not satisfied by your explanation/presentation.
Nischit Sanghavi
(Expert)
30 April 2014
After filling of Return, ITO will scrutinize your Return and send a notice u/s 143(3) of the IT Act. Under this notice, officer will ask you to submit some details related to Expense, sales, Purchase etc. and you have to convinced him that your Books of Account is matched with return filed details. If he is not satisfied then he issued notice of Demand. Under which he demand tax amount for which he is not satisfied by your explanation/presentation.
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