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.
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
- Reopen of assessment proceeding
- TDS on Consultancy- Non DTAA
- Depreciation of fixed assets- coop housing society in mumbai
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Rental income gst and it purpose
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- FTS Taxable under 115A
- Experts need help
- Eway bill generation from place other than registeted
- Management System (IMS)
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
