Demand u/s 143(1).

This query is : Resolved

Pradip (Querist)
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03 August 2011 Dear Experts

I have filed my income tax return online for the A.Y. 2010-11. My TDS amount was Rs. 95113. Out of which assessing officer allowed Rs. 60129. Balance of Rs. 34984 TDS deducted by SBI and as per 26AS the amount is U status. Assessing officer issued a demand of Rs. 40386.

Now please let me know what should I to do in this case.

Thanks in Advance

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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03 August 2011 Pl contact SBI and ask them to verify the quarterly tds return filed by them in which a mistake is presumed since the data is unmatched (U). If so also request them to correct and revise the said tds return. After that u may seek a rectification under section 154 of the Income tax act,1961 seeking for the balance amount of tds by that time the U will change to F.

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