Itr 4 filed by mistake instant of itr 4s

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Querist : Anonymous

Querist : Anonymous (Querist)

19 June 2014 I have filed ITR 4 by mistake for AY 2012-13. but I have calculated income u/s 44AD i.e. 8% of turnover. I filed ITR after Due date. and now income tax department send me demand notice. what can i do? Give me suggestion.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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19 June 2014 filing ITR4 instead of ITR4S wont result in a notice. what is the exact issue raised in the notice?

Querist : Anonymous

Querist : Anonymous (Querist)

19 June 2014 Notice u/s 143 1a. outstanding amount is rs 1390.00 but actually tds deducted rs 90212.00 for AY 2012-13 and ternover approx rs 48,97,912.00

Nikhil Kaushik

Nikhil Kaushik (Expert)
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19 June 2014 check the tax computation made, any disallowance in the order etc. check Form 26AS if the tds deducted is being reflected or not.

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Rupesh Jain

Rupesh Jain (Expert)
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19 June 2014 pls check your 26AS and if your receipts in return is less then the receipts in 26AS then ITO will make addition by the diff amount of receipts in your income w/o giving any deduction or expenses.

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Querist : Anonymous

Querist : Anonymous (Querist)

25 June 2014 as per sec 143(1) income from business or profession is rs 783666.00 and i have calculated as per 44ad rs 391833.00( i.e. ternover rs 4897912.00 *8%)
as per 143(1) tax on income rs 88734.00 and cess rs 2662.00 interest u/s 234a rs 209.00 total rs 91605.00
as per my working taxon income rs 21183.00 and cess rs 635.00 total rs 21818.00
tds deducted rs 90212.00
as per my working refund rs 68390.00 (tds rs 90212.00-tax rs 21818.00)
as per sec 143(1) tax payable rs 1390.00 (tds rs 90212.00-tax rs 91605.00)

as per cpc intimation profit before tax as per p&l a/c rs 391833.00 plus u/s 44ad rs 391833.00 total income rs 783666.00

how to reply it?

Income taken as per 44ad rs 391833.00 and aloso taken as profit before tax rs 391833.00 How is it taken double?

Nikhil Kaushik

Nikhil Kaushik (Expert)
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25 June 2014 any reason provided for difference between the income offered by you for tax and income assessed under 143(1).

Querist : Anonymous

Querist : Anonymous (Querist)

28 June 2014 how to find resoan for intimation in demand notice?

Nikhil Kaushik

Nikhil Kaushik (Expert)
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28 June 2014 you need to request for 143(1) intimation...

Querist : Anonymous

Querist : Anonymous (Querist)

30 June 2014 I got intimation by mail. i recheck my itreturn and there is amistake that is i file return u/s 139 (1) but actually it was lated return.

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