How to pay Additional late payment against the processing of latest correction
This query is : Resolved
08 December 2023
I have received a notice U/s 154 from TRACES, demanding a sum against "Additional late payment against the processing of latest correction". Actually this is a case of short payment, and I have paid the short amount with interest and filled the correction statement with adding new challan for required correction. My question is under which section of income tax, they levy such type of payment.
11 December 2023
sir, any one give solution
15 January 2024
Notice under section 154 of the Income-Tax Act is the rectification order issued by the department in case of mistake apparent from record*.
The Income-tax department may issue such notice in response to a rectification request filed by the Assessee or it can self-generate the rectification order, where they notice any discrepancy in the Income-tax return processed.
The Income-tax department may issue such notice in response to a rectification request filed by the Assessee or it can self-generate the rectification order, where they notice any discrepancy in the Income-tax return processed.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- Stamp Paper for partnership firm change new income tax 2025
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- SFT Cash Deposit in Current Account
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- Annual return in Gst
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
