Section 1433
This query is : Resolved
07 February 2013
I JUST WANTED TO KNW THIS SECTION N THE DEMAND RAISED AS PER THIS SECTION BY DEPARTMENT (OUTSTANDING DEMAND)?
07 February 2013
Section 143(3) is the section under which an assessing officer issues an Order after hearing the assessee. The assessee is asked to file a number of required details and on the basis of the material produced before him, an order is framed by him.
.
He makes additions, if he is not satisfied with the details submitted before him or explanation given by the assessee.
.
The additional tax liability arises if addition in the income is made. For collecting the tax, AO issues a Demand Notice also along with the order.
.
If the demand remains unpaid it is called outstanding demand.
.
.
He makes additions, if he is not satisfied with the details submitted before him or explanation given by the assessee.
.
The additional tax liability arises if addition in the income is made. For collecting the tax, AO issues a Demand Notice also along with the order.
.
If the demand remains unpaid it is called outstanding demand.
.
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
- EPF FULL & FINAL RULES IN 2026
- Eway bill generation from place other than registeted
- Experts need help
- Management System (IMS)
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- Rental income gst and it purpose
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- 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
