After paying self assessment tax for my father and filing the return vide ITR 1, again the IT tax notice has been received for paying excess tax which has been found by IT people.
Kindly advise if the tax has to be paid and again the revised return is required to be filed? URGENT......
Secondly if the penalty of Rs. 5000/- is applicable on revised return
You need to check why tax is payable as per departments working. If it is correctly determined pay the tax. If no respond on the portal that it is incorrect demand.
Futher, even if tax is payable you just need to pay the tax withhout paying penalty and filing revised return.
O P Bagla & Co LLP
New Delhi
CA Inter
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