intimation u/s 143 (1)

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Querist : Anonymous

Querist : Anonymous (Querist)

10 March 2011 i got a intimation u/s 143 (1), my tax liability and tax credit are same but still department has raised a demand of 4,19,000/-,..... any idea...??

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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10 March 2011 Check the reasons foe demand and file rectification u/s 154 of the Income Tax Act, 1961.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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10 March 2011 Format:

From

...........,
..............
..............
...............

To
...........,
..............
..............
...............

Dear Sir,

Sub: - Rectification of Intimation U/s 154 of the Income Tax Act, 1961.
Ref: - Your Intimation U/s 143 (1) dated: ........ for the A.Y ........, Received on ........ (PAN ..........)

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.

Thanking you,
Yours faithfully,

..........

Querist : Anonymous

Querist : Anonymous (Querist)

10 March 2011 thats the problem every figure in intimation is matching with CPC assessment but still department raised the demand and this is not for only financial year 2009-10 but also in 2008-09.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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10 March 2011 Online Rectification u/s 154 at IT Website:

Income Tax Department introduces new facility for online submission of rectification request in cases where processing was completed by CPC Bangalore. Please review the guide for common errors to first rectify the return submitted and generate the rectification xml using excel utility (same utility is to be used). Taxpayer can log in My Account-> Rectification-> Rectification upload and follow instructions to upload the rectification xml file. The rectification request will be processed at CPC and if found acceptable, then a rectification order u/s154 will be issued. Please see manual for submission of rectification request. Please note that this facility is only for E-returns processed at CPC.

Link for rectification manual---

https://incometaxindiaefiling.gov.in/portal/downloads10-11/Rectification%20Manual.pdf

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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10 March 2011 If everything is matching as per return and your calculations are correct then there should not be this problem.

Querist : Anonymous

Querist : Anonymous (Querist)

10 March 2011 yeah everything is matching, so should i simply file rectification u/s 154??? or there any way to confirm the same from CPC??

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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10 March 2011 First of all check the reasons, and then mention the same through rectification u/s 154.

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