Dear All
1.My query is that i have filled TCS return of Quater 1st for the financial year 2007-08 in which Challan Section code has been mentioned as "C" -Timber obatain other than forest as against "A"-Alcholic Liquor for human consumption. Now the IT authorities raised demand of Rs 2,500,000/- without considering my reply in which i have mention the above facts.
2.As per NSDL any challan once booked cannot be amended or corrected.
Now my question is wether the assessing authority can raise demand on account of differnce in tha rate of TCS as applicable to TCS on Timber obatain other than forest and Alcholic Liquor for human consumption.
CAclubindia
