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.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query



Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details
Company
Featured 14 March 2026
Article Trainee

N N V Satish&co

Hyderabad

CA Inter

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details