Intimation received under 143(1)--> demand determined

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Mayank Kapoor (Querist)
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12 July 2013 Hello All,

It is humbly requested to provide proper advice on my situation, explained below:

I have filed ITR-1 on 14-06-12 for AY 12-13 (before end date), and after one year from filing ITR-1, I recently received intimitation under 143(1) that demand is determined.

I closely looked at my own case and found that in my ITR-1, I should have mentioned 2 TAN of my deductors (as I have worked in 2 companies in that FY), mistake from my end was that I added the total income of both the deductors and filed with total dax deducted against the name of my latest employer.

I corrected the mistake by going onto the online tax filing website-->Went to My account section--> Raised a rectification request --> now added both the TAN of two deductors --> submitted it. Now my questions are as follows:

1) Will the income tax deptt. understand and automatically correct the data and send me a new correct intimation under 143(1)?

2) Do I need to ask for rectification order under sec.154? If I do this then will the IT deptt. consider my already made rectification request and send new IT calc. intimation.

3) Is the rectification order under sec.154, a final order of demand/refund? and after this no change is possible in IT calc.?

Thanks in advance,

Mayank

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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12 July 2013 i) Generally it is understood at the other end and rectified order u/s 154 is being served.

ii) No need to ask order u/s 154 in view of (i) above.

iii) If the mistake is rectified, the order awaited becomes final.

Mayank Kapoor

Mayank Kapoor (Querist)
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12 July 2013 Thanks a lot Mr.Warrier,
Currently in the intimation letter 143(1), I have been charged taxes under sec 234 (on the total income tax payable by me)[as they assume that I have have not paid taxes from my 1st employer , as I mentioned just one TAN of deductor], so will this taxes[on total income tax payable] be waived off as well in their intimation letter u/s 154?

1 more query plz:
I got demand for AY 08-09 and I have paid it via. challan, so now do I have to send the challan copy somewhere or will it be automatically be updated in the database.

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Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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12 July 2013 i) If mistake is rectified, tax demand will be reduced and consequently interest levied under 234 will also reduced which will be reflected in the 154 order.

ii) No need to send challan since database will get updated upon payment.

Mayank Kapoor

Mayank Kapoor (Querist)
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15 July 2013 Thank you Mr. Warrier for your valuable advice.