Intimation u/s 143(1)

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 July 2010 Sir,

Previous year I have filed income tax return of salary in form 1 of one person and one return in form 4.

I have filed Both the returns electronically. In the said return I have claimed Interest on housing loan.

Now these two people have received intimation from Centralized Processing Center, B'lore. In the said notice while showing Income tax calculation they are showing As provided by Taxpayer in retun the claim of interest on housing loan in the coloumn Loss of Current year adjusted. But As computed u/s 143(1) they are not showing the said amount.And so showing tax liability.

So now please advice me
1.) what action should be taken
and
2.)why there is difference in the working of computation of income?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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31 July 2010 You will have to file Rectification of Intimation U/s 154 of the Income Tax Act, 1961.

Format:---

Date:

To
CPC Banglore,
..............
..............
...............

Dear Sir,

Ref: - Your Intimation U/s 143 (1) dated: ........ for the A.Y ........, Received on ........ (PAN ..........)

Sub: - Rectification of Intimation U/s 154 of the Income Tax Act, 1961.

I have received your above mentioned intimation U/s 143(1) of the Income Tax Act which is showing a demand of Income Tax of Rs. ....../-

In this connection i want to bring in to your kind notice that....................................................................................................
............................................................................................................................................................
............................................................................................................................................................
............

I therefore request you to please rectify your above mentioned intimation U/s 154 and issue a rectification order to that effect at the earliest.

Thanks you,

Yours faithfully,

Please also see the notes given on last page of notice u/s143(1)

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