I have received intimation u/s 143(1) in which demand of Rs 21000 has raised on account of income ( Rs 25000) of RD u/s 115BBE. what to do ?
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Demand u/s 143(1) intimation
Replies (6)
for which assessment year
understand the reason for the demand and if you're wrong then revise the return and pay the tax accordingly
for AY 2018 - 19 INTERST ON RD OF Rs. 25000 has been taxed under 115 BBE . I dont know why
File a rectification request
Section 115BBE Taxation Of Unexplained Income Or Investment
File 264 revision petition before your jurisdictional CIT... Because it'll not be covered under 115BBE. Seems entire principal and interest amount have been charged to tax. Only interest portion is chargeable to tax at slab rates and not at flat rate
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