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143 1 b
what the meaning of notice under sec.143 1 b..??
Replies (1)
(B) Demand Determined
It is a case where any interest or tax is found payable on the basis of the return after making adjustments as referred to in section 143(1) and after giving credit to the taxes and interest paid by the taxpayer. In this case three situations will arise as (1) Agree with Demand (2) Disagree with Demand and rectification return filing required (3) Disagree with Demand and revised return filing required
It is a case where any interest or tax is found payable on the basis of the return after making adjustments as referred to in section 143(1) and after giving credit to the taxes and interest paid by the taxpayer. In this case three situations will arise as (1) Agree with Demand (2) Disagree with Demand and rectification return filing required (3) Disagree with Demand and revised return filing required
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