Intimation u/s 143(1)

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

23 December 2013 Dear All,
I have received an Intimation u/s 143(1)for Co. assessee.The cess amount shown in Return is wrong, but the tax amount in totality is correct.There is a demand for tax due to difference in interest u/s 234C.Apart from paying the amt,is there any requirement due to difference in Cess??

If in the next Asst Yr i am having a refund claim, can this demand amount(Rs. 10) be adjusted and not paid??

Nikhil Kaushik

Nikhil Kaushik (Expert)
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24 December 2013 better pay it off. why bother postponing the adjustment to the next year leaving the demand open for a year.

Querist : Anonymous

Querist : Anonymous (Querist)

24 December 2013 Nikhil Sir,
Thats true...i read a notifiaction dat demand for less than Rs. 100 will be adjusted..
Will any action need to be taken regarding the diff in cess amt??

Nikhil Kaushik

Nikhil Kaushik (Expert)
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24 December 2013 No. It doesnt matter. Only the final tax liability needs to be looked at.

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

24 December 2013 Thank you Sir...

Nikhil Kaushik

Nikhil Kaushik (Expert)
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24 December 2013 welcome my friend

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