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Demand notice u/s 143(1)a

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Partha

CA Job

34 Points Posted on 29 November 2013

Hi,

I had filed my tax. I had done a mistake in the calculation of tax. hence i had received a demand notice raised as on 31st March 2013. However i did not receive the original as i am staying ouside the country.

Since i had filed this year over internet, i received a notice yesterday for the demand of tax over email. I want to pay the tax and take up with ITO.

Am i expected to pay interest / penalty for 8th months for not paying the demand notice u/s 143(1)

Please advice.

Replies (1)

Guest

Dear Sir,

Intimation under sec 143(1) is an auto generated letter , In many cases only soft copy is sent to the registered mail ID and hard copy may or may not be sent...

You can file a revised return even if intimation under sec 143(1) has been given...

In case you are satisfied with the computation by IT dept then you have to pay the tax and the interest would be calculated @ 1% pm from the due date i.e., incase individual it is 31st july and incase of other assesses who are subjected to tax audit it is 30th Sep...