banner_ad

Income Tax Notice 143(1)

Others 2477 views 2 replies

I have recently recieved a 143(1) notice from Income tax requesting me to make payments ( under secion 234B and 234C). I guess these are related to the recent goofup that happened with the server error in the Income Tax department.

During the year 2007-2008 I had made a change in my company. I recieved salary for the month of April-may from the first company and the salary for the month of June-March from the second company. I had paid advance tax just before filing my returns. Could this be the reason for this?

Do i need to reply to IT u/s 154. If yes, can some one guide as to what should be the content of the letter, whom it should be addressed to and where it has to be sent. Would highly appreciate if anyone has a sample letter to this extent.

Replies (2)

Advance tax is tax paid on the estimated income for the year during the financial year itself. If you have not your advance tax in time then you will be liable for interest u/s 234B & 234C if amount payable in more than Rs. 5,000/-.

So if you have paid some tax just before filing of income tax return then it is self assessment tax and not advance tax and hence you will liable for interest u/s 234B & 234C.

Received a notice u/s 143(1) for AY 2007-08 in may/2008 for payment of Rs. 39,x x x /- approx. i had filed e-return in 2007-08. Apparantly AO has not taken into a/c, Sec 80C while computing tax, and thats why he raised a demand for Rs.  30,000 + cess + interest. 

Immediately I had replied through Registered post on a plain paper for rectification with all photostat copies of savings like PPF, LIC etc well above Rs. 1 lacs alongwith copy of Ack form which clearly mentions deduction u/s 80C duly stamped by IT authority during filing of return.

As on date there is no reply from AO or refund of Rs. 579/-

I got refund for sub-sequent year AY2008-09 BUT NO CLUE ABOUT THIS PARTICULAR ONE,

WHAT SHOULD I DO NOW??

CP KULKARNI, DELHI


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details