Friends
One of our employee filed a physical ITR for AY 12-13, FY 11-12. He claimed donation to Child Rights and You (CRY) @ 100% under 80G. The AO has issued an intimation under 143(1) disallowing the full donation.
We have observed that donation to CRY is entitled to 50% deduction under 80G. So it was an excess claim made in the ITR.
In the case at hand, should the individual file a 154 application or file a revised ITR after paying 50% of demand. I believe a revised ITR can be filed within 31st March 2014 even after an intimation under 143(1).
Regards,
CAclubindia
