20 October 2014
Hi, One of my friend received notice u/s 143(1) for A.Y. 2013-14. No demand/refund is there. While filing ITR 1, assessee has shown salary income and int. paid on house property(house property loss) separately under respective heads of income. But Income tax department has just clubbed house property loss in salary income and in the notice they have shown salary income less to the extent of house property loss under the head income from salary. What to do in such a case? Thank you in advance.
20 October 2014
because house property loss is set off against salary income for computation of tax liability
Querist :
Anonymous
Querist :
Anonymous
(Querist)
21 October 2014
This is fine..because while filing return he has correctly mentioned the amounts under respective heads. But what to do with this notice? Should he file revise return or give reply or just do nothing..