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.
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.
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
- Opting our of sec 44AD
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Form 121 & TDS deduction
- Transporter Declaration form
- LC charges in relation to Asset purchased should be Capitalised ?
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Regarding TDS Applicability For Director Remuneration
- Value of property in capital gain
- Regarding appeal to GSTAT
- Multiple trade mark
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
