Demand notice u/s 143(1)

This query is : Resolved

ANJAN BHATTACHARYA (Querist)
Follow

06 March 2020

My income include salary and share of profit from partnership firm. Firm is paying income tax on its profit filed I.T Return for A.Y 2019-20 showing my share of Profit from partnership firm. Though I have my share of profit ITR-3 and not included for calculation of Income Tax. However, I left blank by mistake schedule IF(Information regarding partnership firms in which assessee is a partner.). Now demand notice received from Income Tax , levying tax on my Share of profit in partnership firm which is exempted u/s 10(2A).
Whether I have to submit revised return ?

Eswar Reddy S

Eswar Reddy S (Expert)
Follow

06 March 2020 Analyse the 143(2) and submit revised return ASAP

Eswar Reddy S

Eswar Reddy S (Expert)
Follow

06 March 2020 Analyse the 143(1) and submit revised return ASAP

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
Follow

06 March 2020 First you see the Intimation issued U/s 143(1)(a). You have to file a rectification return by quoting the CPC Order No , Date, Your Acknowledgement No of original return etc. Fill up the required Schedule . Generate XML and upload by complying the instructions.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Vignesh Pai

avulaandcopdrl 2023

Joyashish Maitra

Sreerama Reddy

Jagadeesh GR

Subscribe Now

Demand notice u/s 143(1)

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA