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
Message likes :
1 times
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%)
Message likes :
1 times
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
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.
Message likes :
1 times
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
- Reporting Income under Section 44ADA
- Itr 1 processing
- Off Market debit and credit transaction
- ITR 2 Short Term gain & Long term gain
- Showing Gift from relative in ITR for this year
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- ITR selection for salaries and capital gain less than L
- ITR returnFY25-26
- ITR 1: Details for showing Exempt Income
- Share accounting-->fifo - capital gain - period as per fifo?
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
