Demand notice u/s 143 (1)

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

21 December 2013 i received demand notice u/s 143(1)for paymnent of incometax shortfall being calculated as per section. my query is :
1. i would be paying the money how would the IT dept would know that i have paid the amount in time since 30 days notice is being given.
2. the type of payment is self assessment tax (300) is it not ?
3. do i need to pay any interest on this amount.
4. do i need to pay any surcharge on this amount.
5. do i need to pay any penalty on this amount.
6. i can also make payment online or epayment.
7. How do i to show in the IT returns next after the payment thereof.
8. Is it necessary for me to again file any document showing the clearing of IT payment.
9. How do i have to show in my next IT returns regarding this payment.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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21 December 2013 1.______

2. you need to pay the amount mentioned in the demand notice. it is to be paid as tax on regular assessment Code 400

3, 4, 5. You can just mention the amount in tax column equivalent to the demand amount. No need for bifurication between interest, tax, surcharge etc.

6. yes it can be paid online: refer https://onlineservices.tin.egov-nsdl.com/etaxnew/PopServlet?rKey=-1643048451

7. It wont reflect in your tax return next year as the payment is for current year. However, if you are making profit and loss account, it may appear as an adjustment in provision for taxation.

8. There is no need to file any document. The demand should automatically be adjusted by the IT department. In case they still ask you question, you can show the copy of the challan

9. No it wont reflect on the next IT return.

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