Notice under 143/1 and 154
This query is : Resolved
18 November 2024
I had received a notice under 143/1 for the a
ae 2024-25 FOR payment of tax @rs.17285 and interest Rs.1900/-
I had sent a rectification request because I was not liable to pay any tax for my total income of Rs.5,02,690/- for the financial year 2023-24. The break up of income is Rs.1,10,797/- short term capital gain and Rs.3,91,890/- being agriculture income shown as income from other sources.
I received a nortice under 154,ignoring my rectification request asked to pay same amount of tax again.
I dont know,why I was asked to pay tax for this total income of Rs.5,02,690/-
I had made a complaint filed at grievances. can anyone guide please. what are the remedies if any available to me now.
ae 2024-25 FOR payment of tax @rs.17285 and interest Rs.1900/-
I had sent a rectification request because I was not liable to pay any tax for my total income of Rs.5,02,690/- for the financial year 2023-24. The break up of income is Rs.1,10,797/- short term capital gain and Rs.3,91,890/- being agriculture income shown as income from other sources.
I received a nortice under 154,ignoring my rectification request asked to pay same amount of tax again.
I dont know,why I was asked to pay tax for this total income of Rs.5,02,690/-
I had made a complaint filed at grievances. can anyone guide please. what are the remedies if any available to me now.
Dhirajlal Rambhia
(Expert)
18 November 2024
The demand by CPC is correct, as the Short term capital gain tax liability is not adjusted against rebate u/s. 87A IT act.
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