Demand notice from it department
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 July 2015
I filed my IT return{U/s 139(4)} on 14/03/2015 for AY 2014-15 declaring net taxable income Rs 240130/- after deduction u/s 80C, net tax payable was 2073 after claiming 87A & Rs.2073 Tax was adjusted with TDS (misconception of TDS) in IT Return. But actually i was not entitled to any TDS. Now i received notice from IT department for demand Rs.2233/- (incl. interest u/s 234A)
What should I do now?
Can I apply for rectification u/s 154
What should I do now?
Can I apply for rectification u/s 154
12 July 2015
if you are not eligible for any TDS credit, then what will you rectify? pay off the tax demand..thats all you gotta do. the difference in the tax liability and the demand is the interest that you gotta pay for delay in tax filing.
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