Demand notice by income tax

Tax queries 498 views 20 replies
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aa
339 Points Joined February 2014

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

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On 28 May 2017 at 18:48 Report
Replies (20)
Guest

GO FOR RECTIFICATION OF MISTAKE UNDER SECTION 154

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On 28 May 2017 at 18:56
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aa
339 Points Joined February 2014

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

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On 28 May 2017 at 19:00
Guest

TWO ALTERNATIVE GO FOR FOR RECTIFICATION 

OR PAY DEMAND

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On 28 May 2017 at 19:17
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Chartered Accountant
86500 Points Joined April 2011
Go For rectification even if your whole calculation change.
2 Reply
On 28 May 2017 at 20:32
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FCA
155 Points Joined August 2009
only one option. Pay tax for AY 2015-16 of Rs10000 and claim refund for AY 2016-17
1 Reply
On 28 May 2017 at 22:47
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Freelance consultant in Direct Tax and F
373 Points Joined July 2014
i advise rectified return
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On 29 May 2017 at 00:53
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masterminds
30 Points Joined June 2012
Go For rectification even if your whole calculation change
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On 29 May 2017 at 01:27
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Chartered Accountant
86500 Points Joined April 2011
Dont copy karthik
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On 29 May 2017 at 05:55
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FCA
155 Points Joined August 2009
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
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On 29 May 2017 at 06:03
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FCA
155 Points Joined August 2009
the income and tax.
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On 29 May 2017 at 06:03
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Partner
226 Points Joined January 2017

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.

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On 29 May 2017 at 08:07
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Freelance consultant in Direct Tax and F
373 Points Joined July 2014
Thiruvayus view seems legit since wrong claiming of TDS is an explicit fault. file tax and rectify.
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On 29 May 2017 at 08:10
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FCA
155 Points Joined August 2009
from reading of the question it appears that original return is filed belatedly. so revised cannot be filed.
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On 29 May 2017 at 08:37
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Freelance consultant in Direct Tax and F
373 Points Joined July 2014
great analysis sir
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On 29 May 2017 at 09:13


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