07 September 2009
I received a intimation notice under section 143 of Income tax with these details.
Income : Rs 739710 Tax Due : Rs 176040 Tax paid by me : Rs 174034
Amount payable : Rs 2006
However, I feel this amount is incorrectly calculated, as out of my income of 739710, Rs 9700 were shown by me as "Capital Gain" to be taxed at 10%, Instead IT department's notices seems to have miscalculated it at 30%
Please let me know if A) I should move application under section 154. B) How do I move an application under section 154. My notice just mentions letter sent from Income Tax Officer, Ward - 46(1) New Delhi
07 September 2009
Write a simple letter to the ward officer from which u have received the intimation and state what mistake has been made or error has been committed and state that the mistake apparent from record should be rectified u/s 154.