Income tax intimation 143(1) Shocked! Please help!

Jaison (it) (28 Points)

28 September 2010  

Hi friends


I got a intimation from the income tax for AY 1008-2009 just yesterday, I was shocked to see that I need to pay the tax near to 1 lac.

Then I regained my mind from the initial shock to tallied with my Form 16. what I see is a blunder mistake on the Income tax Office side.

So here is the breakdown

Heads of Income          As provided by taxpayer in return of income         As Computer under Section 143(1)

Income from Salary                           A                                                                                  A

Income from other sources             B                                                                                  B

Gross Total income                        A-B                                                                      A+B

 

Here B is my intrest on the housing loan, They have added that to my gross income instead of deducting it, Isnt this a blunder mistake.

And then they added various intrest 234b and 234C in the As Computed under section 143


1) What are the steps I need to take, Please help.

2) Should I have to visit the Income tax office( I am in bangalore)

3) Or Sending a Letter to them will suffice, will this close my chapter.

Please help.

Jai