Intimation u/s 143(1) - urgent please can u help

Snehal (Learning Tax) (129 Points)

04 November 2011  

Dear all, Please can you help me I have some confusions?

Assessee: Male: Senior Citizen. A.Y: 2008-2009

Due date of Return: 31-07-2008

Date of Filling Return: 30-07-2009

 

As per Intimation u/s 143(1)

Net Income: 5,90,800/-

TDS: NIL

SAT: Rs. 1,07,300/-

Tax.: Rs. 1,13,238/-

E.Cess: Rs. 3,397/-

u/s 234A: Rs. 13,992/-

u/s 234B: Rs. 26,990/-

u/s 234C: Rs. 4,316/-

Total Int Due: Rs. 45,298/-

Total Int & Tax due: Rs. 1,61,933/-

Less: Prepaid Taxes: Rs. 1,07,300/-

Balance Tax Payable: Rs. 54,633/-

 

Calculation as per our Filled Return:

Net Income: Rs. 5,90,800

Tax.: Rs. 1,13,240

E.Cess: Rs. 3,397

Total Taxes payable: Rs. 1,16,637/-

TDS: Rs. 9,369/-

SAT paid on Dt: 20-07-2009: Rs. 1,07,300/-

Total Taxes paid: Rs. 1,16,669/-

No Interest u/s 234A, 234B, 234C has been paid.

 

 

The Intimation u/s 143(1) is generated on Dt. 12-1-2011., but recd by ordinary post on Dt.2-11-2011., TDS deducted ignored by the ITO. I find that the calculation made by ITO is wrong.

My questions are:

  1. Can you help me with, what should be the right calculation?
  2. No Challan accompanied with the said intimation, issued by the I.T.O?
  3. Why is the intimation recd. So late after 10 months the post stamp is also of Dt. 1-11-2011?
  4. What should be done in this matter?

 

Please can you help me solve these confusions! Thanks!