We have filed ITR4 through e filling portal of income tax. we have received the ITR V immediately which was also duly send to Bangalore CPC. but now we are receiving Intimation U/s 143(1) for demand of Income tax. after verifying this we have found that in various places the TDS or depreciation amount is not considered yet. we have checked the XML schema where in we can see all these figures are appearing correctly.
Has anybody came across such difficulty. please suggest way out of this? what is legal process to take care of this. I have received 50 Notices from department for no fault of mine.
13 July 2010
For TDS, it may be there is mismatch in Data in TDS Return filed by TDS deductor, For this you have check it by Form 26AS that what is status of booking of TDS. If it is U , i.e it is unmatch. For it you have to request to tds deuctor for revising e-tds return to get credit of this tds amount.
For depreciation, there is no reason for not cosidering it.
13 July 2010
Dear Sir, Thanks for prompt reply. In case of TDS is understood that it is due to there problem. but regarding depreciation it is problem with upload mechanism as my file dose have all the data. is there any procedure in income tax for such errors being rectified. Regards,
CAclubindia
