Net Tax Payable (ITR3)

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This query is : Resolved

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A user has received an outstanding demand from the IT department for their ITR3 filing. While the balance tax payable matches their submission, the net tax payable is higher by £18,000, with no clear explanation. They are seeking advice on why these figures differ, especially as interest under section 234 has already been included.

Mukund Seshadri

Mukund Seshadri (Querist)
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04 October 2023 Dear Team, I recvd an outstanding demand from IT department yesterday. This is for ITR 3. While balance tax payable matches with what I have submitted, the net tax payable shows an amount higher by 18000. There is no indication of what this extra amount is for. I checked for previous arrears but no such indication. Why balance payable and net tax payable be so different . Interest under 234 is also included already. Kindly advise if in case you have any idea.