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DEMAND NOTICE REPLY ONLINE

prince (prince) (48 Points)

06 December 2020

What is difference between demand is partially correct and demand is not correct but ready for adjustment?
When we reply demand notice online...

Which option is better if demand raise due to error while filing oringal return i.e. due to error, demand raised is correct but demand amount is different as compared to notice and my fresh computation??

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6 Replies

sabyasachi mukherjee (26673 Points)
Replied 07 December 2020

Ready for adjustment means if there is any exemption or set off.
in case there is any possible option for fresh computation.

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ayusmita (Tax consultant) (5885 Points)
Replied 08 December 2020

Can you be little bit clear about the question

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prince (prince) (48 Points)
Replied 08 December 2020

Issue is related to AY 2019-20
when I filed my original return I made a mistake...
I used ITR 1 form and filed return through ITR 1 ONLINE mode.
An interest income with its TDS reflecting in my 26AS at the time of filing ITR which interest income is not mine. I considered that income and TDS by mistake in my ITR 1 and filed return.
After that who wrongly added my PAN in TDS RETURN they correct their Return and now that interest income and tds not reflecting in my 26AS...
So now I received demand notice in which department removed my TDS on interest part from tax paid and raised demand against it..but actually my income should also reduce by that interest income amount...
and because of this they raised demand is correct..but the amount demanded by them is wrong as my income is decreased. They calculate tax including interest income which is wrong.