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Intimation of liability under section 73(5)

This query is : Resolved 

21 October 2023 SIR

I HAVE RECEIVED A INTIMATION OF TAX LIABILITY UNDER ABOVE SAID SECTION.

KINDLY ADVICE ME THAT WHAT I HAVE TO DO AND WHAT I HAVE TO GIVEN REPLY.

AWAITING YOUR REPLY

KAPIL

21 October 2023 Check whether the tax liability under intimation is right. If so pay it with interest.
Section 73(5) waives penalty where the assessee pays the tax with interest either on his own ascertainment, or based on the determination by the proper officer, before issue of SCN.

21 October 2023 SIR
CAN I ASK HIM/OFFICER TO PROVIDE ME DETAIL OF TAX LIABILITY DETIAL.

21 October 2023 Yes you can ask for details.


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