I have received 143(1) statement issued from Income tax department stating I have Amount payable close to 15K for the AY 2008-2009.
Following are my concerns:
1. I am not clear about this Amount payable. As far as I know my Form16 and ITR-V are fine for that AY. Also my Form 26AS shows correct computations. What can I do now?
2. Why the statement after 5 years,for the amount payable they have also charged me interest? Shouldnt this notice have been sent earlier? Is it valid now?