Intimation143(1)
This query is : Resolved
25 December 2021
Intimation u/s 143(1) has been received. Tax is calculated @ 30%. However The company is liable for Tax @ 22% u/s 115BAA. Now in the said intimation taxable income has been revised and tax payable is calculated @ 30%. Revision in Income is correct.
Because of difference in tax rates demand is raised.
My question is whether the above mistake in tax rate can be rectified u/s 154 of the I T Act
Because of difference in tax rates demand is raised.
My question is whether the above mistake in tax rate can be rectified u/s 154 of the I T Act
25 December 2021
Yes, it can be rectified under section 154.
29 December 2021
Actually Form 10-IC is not filed
In such a case what needs to be done ?
In such a case what needs to be done ?
29 December 2021
In such a case rectification can't be filed.
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
- GST APPEAL ITC
- Surcharge on discretionary AOP/TRUST for AY 25-26
- Requirement of Form 15CA CB - Rent payment
- TDS U/S 194S VDA
- TCS Return Without PAN
- If Material shift from dry port local egm details not refleting on ICE gate portal
- GOODS TRANSPORT AGENCY RCM HSN CODE SUMMARY
- Project report for commercial tax
- Format of Amendment of trust deed applicable for 12AB registration
- Sec 12 AB registration of chatitable trust.
- Youtube income
- Statutory Deduction-PF
- Credit rating model
- Surcharge applicability on LTCG loss
- Query regarding applicability of UDIN on MCA forms signed using DSC by a Chartered Accountant
- GST ON PERSONAL MOTORCAR SOLD
- Cash gift by grand mother to her grand daughter
- APPLICABILITY OF RCM ON MAN POWER SUPPLY BY UN REGISTERED PERSON TO REGISTERED PERSON.
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Spice form, ? mark comes in address
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
