Sanjana (CA Final ) (48 Points)
30 June 2014We have filed the Income Tax Return. In that there was a interest u/s 234B & 234C which was calculated by the ITR utility. We have received the intimation u/s 143(1). There is a difference in Interest u/s 234B & 234C. & there is a demand of this amount.The amount of difference is huge. How to deal with it.
Please Help.
SIVARAMAKRISHNAN P.G
(CA final student)
(129 Points)
Replied 30 June 2014
If the demand raised by the dep. is incorrect, then a rectifcation request can be filed stating the relevant facts.
Fenil Shah
(Audit & Tax Executive)
(402 Points)
Replied 30 June 2014
Calculate Interest as per the provisions given in the Income Tax Act & then compare it with the Interest in demand by IT Department. If any difference, then will have to be paid.
Tribhuvan Aditya Singh
(Student as well as Self-employed)
(3710 Points)
Replied 30 June 2014
Pulkit
(Student CA Final )
(22 Points)
Replied 01 July 2014
Shameem khan
(Article Assistant)
(80 Points)
Replied 01 July 2014
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