intimation u/s 143(1)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 March 2010
i am salaried person & had net income of 103310 in a.y. 2007-08 & filed for same on 09.07.08.
Tax Calculated was : Tax- 331 + E Cess 7 = 338 - TDS 338 = payable tax NIL.
i have recd intimation u/s 143(1) stating amt payable 338 + 36 (int u/s 234a).
please let me know if it is necessary to pay the same as i have already submitted form16 with return & i have not recd any challan etc with intimation for payment of tax? what should i do, pls let me know
Tax Calculated was : Tax- 331 + E Cess 7 = 338 - TDS 338 = payable tax NIL.
i have recd intimation u/s 143(1) stating amt payable 338 + 36 (int u/s 234a).
please let me know if it is necessary to pay the same as i have already submitted form16 with return & i have not recd any challan etc with intimation for payment of tax? what should i do, pls let me know
23 March 2010
Sir,
Interest u/s 234A is liable in case the return is filed after due date.
Due date for 2007-08 was extended upto feb'08.
This extension of due date is applicable to assessees, who have,-
1. filed the return of income for the A.Y.2007-08 on or after 14 th May, 2007; and
2. filed the return in a form other than one of the forms notified for assessment year 2007-08( ITR-1 to ITR-8).
If you fall in this category, no interest is liable to be paid
Interest u/s 234A is liable in case the return is filed after due date.
Due date for 2007-08 was extended upto feb'08.
This extension of due date is applicable to assessees, who have,-
1. filed the return of income for the A.Y.2007-08 on or after 14 th May, 2007; and
2. filed the return in a form other than one of the forms notified for assessment year 2007-08( ITR-1 to ITR-8).
If you fall in this category, no interest is liable to be paid
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Unregistered suppliers utility
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Difference between Date of Payment and Date of Deduction?
- Same demand raised for original as well as rectification request return
- Sale of property held jointly with a non resident Indian
- ITR 4 and Bank transactions
- TDS AND ITR ISSUE
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- The TDS balance for March 26 shows a mismatch between the books and the portal; what should be done
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
