Demand u/s 143(1)(a)
This query is : Open
25 May 2017
Hello everyone,
I had filed a income tax return of a salaried person in the month of Feb 17 for the AY 2016-2017. The total income TAX liability was Rs.130000(including cess). Full TDS was deducted by the co.(PSU) timely basis and hence no tax was payable
However last week the taxpayer received a notice u/s 143(1)(a) demanding Rs.380 interest u/s 234A.
I wanted to know if the claim is valid considering the fact that there was no tax obligation on the part of tax payer and what do i need to do now.
Also one more tax payer has received a demand of Rs. 3/- only. What do i need to do considering the fact of round off?
Thnx in advance
I had filed a income tax return of a salaried person in the month of Feb 17 for the AY 2016-2017. The total income TAX liability was Rs.130000(including cess). Full TDS was deducted by the co.(PSU) timely basis and hence no tax was payable
However last week the taxpayer received a notice u/s 143(1)(a) demanding Rs.380 interest u/s 234A.
I wanted to know if the claim is valid considering the fact that there was no tax obligation on the part of tax payer and what do i need to do now.
Also one more tax payer has received a demand of Rs. 3/- only. What do i need to do considering the fact of round off?
Thnx in advance
CA Rashmi Gandhi
(Expert)
25 May 2017
No need to f
deposit demand of Rs.3/-. Generally demand below Rs.5/- is not to deposit.
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CA Rashmi Gandhi
(Expert)
25 May 2017
Also clear how much TDS deducted in first case or either mail me intimation with PAN & DOB on rash.0903@gmail.com
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25 May 2017
full TDS (Rs.130000) was deducted by the company(PSU....... so they are prompt) at proper dates & thnx for the reply
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