How to respond to intimation U/S 143(1) sent by IT Departmen

This query is : Resolved

kavitha (Querist)
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01 February 2011 Hi, I recently received Intimation U/S 143(1) by CPC-Electronic City(banglaore)regarding paying 15K towards tax FYI 2008-2009(Assessment Year 2009-2010))
I had 2 form 16's for the year 2008-2009, i had lost the form 16 provided by my previous employer due to which i could not provide all the correct information while filing returns online.

I am sure that both my previous/current employers have deducted tax at source. I would like to respond to this to the CPC pls guide me to get this done

Ratan Sharma

Ratan Sharma (Expert)
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01 February 2011 First of all get the necessary information available from form 26AS which is available by logging to the website. You have to file rectification application u/s. 154 by correcting the data. You have to regenerate the XML file by correct data and then resend it to CPC by way of rectification application. Rectification appln receipt will be generated automatically by site. You need not have to send the hard copy to the CPC, Banglore. If you can not correct the return of income then you have to pay the tax as demanded in intimation. Third option is also available that you can file appeal with CIT - appeals against the intimation issued.

Guest

Guest (Expert)

01 February 2011 Agree with Mr. Sharma who has advised in detail

kavitha

kavitha (Querist)
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02 February 2011 Hi, Thank you very much for the prompt response, i have got Form 26AS for the FY 2008-2009(Assessment year 20009-2010)

Should this alone suffice to file rectification application under section 154 or do i need to have anything in addition to it, I had used ITR-2 form for filing returns then as i was paying EMI towards the home loan that i had availed for which there was some tax deduction given.

Please advise me as to how IT dept will go about accepting the rectification filed by me, if not please explain me about the third option that Mr Ratan Sharma has mentioned.

Would really appreciate your quick response

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Guest

Guest (Expert)

02 February 2011 If all required entries are available in 26AS, that will be be sufficient for rectification

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