Income tax intimation letter 143(1)-234A/B/C

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Sunil (Querist)
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17 April 2010 I recieved an intimation letter from Income tax department charging for late file return on 17/04/2010. I am a salaried person working in a company. Employer deducts tax at source(TDS). During 2007-2008 I had filed return on 07/10/2008 while due date was 31/07/2008. Letter mentioned
following interests- 234a- 7000, 234b-60000 and 234c 9000. I am shocked. Do I need to pay all these?

CA. BIJENDER KR. BANSAL

CA. BIJENDER KR. BANSAL (Expert)
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17 April 2010 It is wrong. If Tax paybale on your salary income is deducted by comapny and deposit the same i.e there is no due of tax payable. then Interest u/s 234A/B/C can't be imposed on you becasue interest u/s 234A/B/C is calcualted on Net tax payable after dedcution of advance tax & TDS , which is nil in your case. Please go to Income tax and contact with your assessing office for this.

Other expert's view is solicited.

CA Ashok Kumar Sahu

CA Ashok Kumar Sahu (Expert)
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17 April 2010 agree with bansalji,

if tds deducted and no other liability of tax payable then not liable to pay interest u/s 234A/B/C

check your return details and meet your AO

CA. B.SRINIVASULU

CA. B.SRINIVASULU (Expert)
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17 April 2010 Whether you have paid any self assessement tax. If you have paid self assessement tax in lieu of short tds then you are liable to pay the interest.

If you have not paid any self assessement taxes and entire tax is from tds then question of 234A or 234 B or 234C will not come into existence, chargeability itself is wrong.

Find out the correct details from your return and then find in which method you are falling and then take appropriate action.

CA. O.P. Agarwalla

CA. O.P. Agarwalla (Expert)
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19 April 2010 No interest will be payable by the assessee against the deducted taxes. Thanks experts for correct answer.

Sunil

Sunil (Querist)
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19 April 2010 Thanks Sirs,

Could you please tell me the rectification procedure.I talked to their customer care, they told they dont not entertain any letters, Dont send any forms-16 etc.

CA Ashok Kumar Sahu

CA Ashok Kumar Sahu (Expert)
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19 April 2010 WITH YOUR RETURN DETAILS MEET TO YOUR AO WHO PASSING THE ORDER

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