Rebate l.i.c. premiem is not release
This query is : Resolved
24 August 2012
Dear sir, i fill the return of a/y 2011-2012 income-182000/ -L.I.C RS.7500/=NETT INCOME OF 174500/- But the assessing officer is intimation u/s143 less exemt income160000/-tex assess Rs,2266/-or rebate l.i.c. premiem is not release Pl. give me advise ki pahle kya karen premium ki rakam less karke tax jama karen ya aayker akhikari ke pas jaye jaye to kis treh pl, help me
25 August 2012
File a revised return if you have not calimed the LIC premium in the return and pay tex if necessary.it looks that the ITO has not considered LIC premium payment
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Praveen Kumar Rathi
(Expert)
25 August 2012
But how it is possible to file return of income without paying self assessment tax. means (182000-160000-7500=14500 @ 10.3%)
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25 August 2012
Dear sir, i already filled return of A/Y 2011-2012 with claimed l.i.c premium Rs,7500/ on DATE 30/09/2012 indu.. but ignore the claime of I.T.O.& ASESS THE TAX rs,2266/-(182000-160000=22000 @10.3%)+ penelty pl,help me & give me advise that aplication move whice section of income tax act of I.T.O.FOR CLAIM OF L.I.C.PREMIUM i admit tax on Rs,14500/(22000-7500)@10.3%+ penelty pl,help me
Prakash Kochar
(Expert)
26 August 2012
SUBMIT RECTIFICATION APPLICATION, IF CLAIM FOR LIC PREM. WAS MADE IN RETURN ORIGINALLY SUBMITTED. PAY TAX AS PER RETURN AND INTEREST THEREON.
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