IT intimation u/s 143(1)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 May 2011
Hi,
I have just recieved an intimation from central processing centre of IT dept about AY 09-10.
The letter in a tabular form compares my returns filed vs computation under Sec143(1)
The letter drastically reduces the deductions claimed under chapter VIA ...finally arriving at a new tax figure and is asking me to pay the balance( for which they have included chalan ITNS 280)
1. any idea why this discrepency in the taxable amount? is it normal?
2. Can i challenge the claim? how?
3. Where do i fill the tax ?
I have just recieved an intimation from central processing centre of IT dept about AY 09-10.
The letter in a tabular form compares my returns filed vs computation under Sec143(1)
The letter drastically reduces the deductions claimed under chapter VIA ...finally arriving at a new tax figure and is asking me to pay the balance( for which they have included chalan ITNS 280)
1. any idea why this discrepency in the taxable amount? is it normal?
2. Can i challenge the claim? how?
3. Where do i fill the tax ?
CA Shyam Agrawal
(Expert)
28 May 2011
Kindly go for Rectification U/S 154 of IT act
Message likes :
1 times
CA MANOJ GUPTA
(Expert)
28 May 2011
CHECK IF U FILLED THE SCHEDULE OF VI-A DEDUCTIONS PROPERLY
IF YES GO FOR RECTIFICATION UNDER SECTION 154
IF YES GO FOR RECTIFICATION UNDER SECTION 154
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
- Query on effect of registration of property
- Visiting card purchase
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Wrong CMPo8 file
- Equity Share Sale and Purchase
- Whether output tax is taken credit by purchaser
- Number of years as per AS amortisation of Goodwill
- Additional trade name
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Foriegn assets disclosure
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
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
