Section 143(1)(a)
This query is : Resolved
01 November 2021
Proposed adjustment U/s. 143(1)(a) of Income Tax Act,1961 send to assessee and reply for the same was send in black and white mentioning that is was wrongly mentioned in form 3CD and the statement was like this "We beg to inform that there happened a little mistake in Form 3CD Sl No.20(a).Bonus of Rs.1,80,500/- paid to Employee is simply an indirect expenses which is shown in PL account and not any sum payable to him from any profit of the asseessee.It was wrongly mentioned in Form 3CD.The mistake is regretted and revised Form 3CD is being submitted for your doing the needful.
But today assessee assessed U/s. 143(1) of Income Tax Act, 1961 where the amount for 180500/- added with total income and a demand for Rs. 69690/- has been initiated which is absolutely wrong.
Please guide me how to solve this dispute.
But today assessee assessed U/s. 143(1) of Income Tax Act, 1961 where the amount for 180500/- added with total income and a demand for Rs. 69690/- has been initiated which is absolutely wrong.
Please guide me how to solve this dispute.
01 November 2021
If possible, you should have revised return with amended audit report.
Now, either accept the adjustment, or file appeal.
Now, either accept the adjustment, or file appeal.
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