Hi,
I submitted my ITR2 couple of days back and today I received demand of Rs.2920 from Intimation u/s 143(1). My question is if I pay the amount as requested under Tax on Regular Assessment (400), do I need to file the revised income tax again adding this new value of Tax paid or no further action is needed from my end.
Any help would be appreciated.
Small demand in a 143(1) intimation:
• Download the intimation and compare the computation with your return: common reasons are 234A/B/C interest computed by the CPC (if you didn't compute or underpaid), TDS mismatches (claimed TDS not in 26AS), or disallowed deductions (e.g. 80C claimed in the new regime).
• If correct, pay via "Pay now" (minor head 400). If wrong, respond "Disagree" with reasons, and file rectification under 154.
• For small amounts like Rs 2,920, it's usually 234B/C interest.
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