My client received income tax notice under sec.143 for return filed for fy 16-17
Showing less interest paid hence we pay amt. as per demand. But client paid as basic tax instead of interest.
Now it necessary to pay again interest amt.?
Also we have to submit revised return?
how to rectify the payment error?
We have filed above return under presumptive income scheme
Menu
income tax notice sec.143 (3)
Replies (2)
There would not be any problem even if you have selected basic tax instead of interest.
Section that you have quoted in subject is 143(3). Confirm whether it is correct or not.
Ok sir I check once again it intimation under sec.143 (1)
Recent Topics :
- TDS on Property - Form 26QB Related
- Capital gains on sale of flat from wife to husband
- TDS filing for the 1st quarter of TY 2026-27
- Login into Old Traces Portal
- Professional Income reporting in ITR-3
- Pf exemption in hand of spouse on demised of husba
- Missed deadline to revise ITR for a foreign asset
- Durga Puja 2026 Dates: Mahalaya, Shashthi to Vijay
- Indo-MIM IPO Allotment Date, Status Check and List
- GSTR 1 filed but GSTR 3 B no filed
Related Topics :
CAclubindia
