Demand intimation from cpc

Hi,

In this case, you first need to compute the tax and check whether the amoutncalculated in the intimation is proper. if it is not so, you will have to file a rectification for the same u/s 154. this happens many times due to non allowance of credit of the tds

however, if the mount is correctly computed in the intimation, you will have to pay the amount along with interest.

Hi,

How do I know how much penal interest I have to pay. I believe their calculation is correct as I had not considered the interest u/s 234c.

Disha,

i suggest you recheck the calculations since, if the return was e-filed, the interest u/s 234c would have got computed automatically by the efiling utility

the interest you have to pay is u/s 220(2) at 1pcpm from the ne]  the due date of payment mention in the notice.

if you need any help in checking the computatio0ns in the intimation...you can let me know

Hi,

TTL was 67700 and TDS paid was 29117.

Utility had calculated interest u/s 234 ABC as Rs.2965 and as per the intimation it is Rs. 2695 under 234B and Rs. 1425 under 234C.

TTL as per the intimation is same as the one computed by utility.

Return was filed on 28-07-2012 and order date was 15th Oct 2012.

thanks,

Hi,

the interest u/s 234A should not come in the first place.

234B should be 1453 (on 38583 for 4 months at 1pcpm)

234C should be 1427

total interest liab is 2970

so, the computation by the utility seems to be correct

so should i file for a rectification? or take no action?

Anyways the entire amount of 42700 (38583 +2695+1425 - as per cpc calculation) is showing as outstanding where as i have already paid 41548.