Income tax

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Dolly Jain

CA JOB

62 Points Posted on 18 March 2015

Hello Everyone,

There is Trust who had suffered losses in F.Y 12-13 i.e A.Y 13-14 and has filed the ITR in time.Now the Trust has has received 143(1) in which a demand for of Rs.100000/- has been raised. But all the exps made by the trust are for Charitable Purposes only.

In 143(1) it said that in case of Demand, this intimation may be treated as Notice of Demand under section 156 of the Income Tax Act, 1961, but we do not agree with the demand.

Please let me know the best possible Remerdy for it

Replies (3)

CA HAYEDAR SHAIKH

Practice

452 Points Posted on 18 March 2015

Firstly check why this demand has been raised. whether it is due non matching of TDS or other?

If you does not agree with the demand raised, then visit the Income tax office and check the status of your TRUST PAN.

After that file the letter for cancellation of demand.

If it is due to the non matching of TDS, then you can online correct the same at the incometaxindiaefiling.com

Chinmay Das

Director

27 Points Posted on 18 March 2015

Please check the 143(1) Intimation if you find the cause of Demand & the satisfactory answer to it,then you can go for Rectification of Mistakes U/sec 154 which is Online too.As you said the Trust was in loss so I dont think of any issue related to tax paid or TDS.If you are not clear it will be better to Contact the ITO of Trust as per PAN.

fatema shaikh

partner

27 Points Posted on 18 March 2015

If you don agree with th demand raised thn login into ur client id n thr is a new section of response to outstanding demand thr u can point out why u don agree with th demand raised