DEMAND NOTICE FROM I.T DEPT

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A client has received a demand notice from the income tax department where their claimed housing loan interest and principal deductions were overlooked. To address this, it's recommended to consult a professional like a CA or advocate. They can help draft a suitable reply or apply for a re-computation of the tax liability, citing the omission as the reason.

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(Querist)
14 February 2023 One of my Clients received a Demand Notice from income tax dept. He Claimed Housing Loan Interest and principal portion. But in Demand Notice They omit the housing loan interest and principal deduction and asking tax. What he should do?
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CA Altamush Zafar

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CA Altamush Zafar (Expert)
14 February 2023 Engage an expert of that field like CA or Advocate who can draft a reply or apply for re-computation citing reasons.
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CA Altamush Zafar

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CA Altamush Zafar (Expert)
14 February 2023 Engage an expert of that field like CA or Advocate who can draft a reply or apply for re-computation citing reasons.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
15 February 2023 File rectification under section 154 and also file appeal with CIT appeal.
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