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Demand notice by income tax

Tax queries 645 views 20 replies

FRIENDS, 

             I HAVE FILED MY ITR FOR AY 15-16, BUT AS I WAS CONFUSED IN WHAT IS AY AND WHAT IS PY,  I PUT THE DETAILS OF FY 15-16 IN AY 15-16,   IN FY 15-16 THERE WAS TDS OF RS. 10000 WHICH I WRONGLY PUT IN THE RETURN OF AY 15-16. BUT ACTUALLY THERE WAS NO TDS FOR AY 15-16 DUE TO THIS DEMAND HAS BEEN REFLECTED BY DEPARTMENT.

NOW WHAT CAN I DO. PLEASE HELP

Replies (20)

GO FOR RECTIFICATION OF MISTAKE UNDER SECTION 154

SIR, I HAVE A FEAR IN MY MIND i,e   ALL THE INCOME WILL BE CHANGED IN THE RECTIFICATION RETURN INCLUDING DEDUCTIONS UNDER VI.....IS SUCH A CHANGE IS ALLOWED???  WILL THEY TRANSFER MY CASE TO LOCAL IT OFFICE....IF I DO THAT

TWO ALTERNATIVE GO FOR FOR RECTIFICATION 

OR PAY DEMAND

Go For rectification even if your whole calculation change.
only one option. Pay tax for AY 2015-16 of Rs10000 and claim refund for AY 2016-17
i advise rectified return
Go For rectification even if your whole calculation change
Dont copy karthik
Assesse claimed tds in his original income tax return. Actually there is no TDS. The only option is to pay the tax. In rectification return you cannot reduce
the income and tax.

I agree with Rashmi, Revanth & Karthik.  In Rectification Request, you can replace all relevant Schedules that require change and upload fresh X M L.  There can be divergent views which I honour.  But at this juncture, the only possible remedy to minimize tax burden, RR opition can be attempted.

Thiruvayus view seems legit since wrong claiming of TDS is an explicit fault. file tax and rectify.
from reading of the question it appears that original return is filed belatedly. so revised cannot be filed.
great analysis sir


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