Income tax notice under section 143

ITR 1701 views 6 replies

Envynicky

Consultant

33 Points Joined June 2013

Hello,

It's unfortunate that I have to start participation with request your helps instead of contributing. I am not very sound in terms of sections and rules but I am aware of general individual tax related aspects.

Few days back I have received a notification from Income Tax which asked me to pay additional amount withing 30 days. This was under sections 143. The same does not details out the reason for difference except for some 234B and C related interest. It compared my provided data with 143 verified data and then request for same.

I am not sure why this issue because all tax filing has been done by me through various TDS certificates with me, though at the end I was required to pay another amount as remaining tax. Due to this additional tax payment I cna understand the interest being charged but where could be other difference.

To give you info, I am a salried person and have proper form-16 with me. I have a smlal additional source of income (tution) which I added to salary component and declerated the form-16 deduction and other component TDS (as per certificate) available with me.

Request your guidnace as to what is it? and what should I do next?

Thanks

Replies (6)

CA Suraj Lakhotia

IndigoLearn

4898 Points Joined May 2008

You need to compare the TDS as per your return and as shown in the 143 notice. If there is a difference in these two, there is every likelyhood that tax deducted from your salary is not being reflected against your PAN with the Income Tax department.

If the entire difference is on account of interest u/s 234B and 234C, you might have to pay the same.

Envynicky

Consultant

33 Points Joined June 2013

Thanks for your advise. That is exactly what has happened. my declared TDS and TDS relaized by them have a mis-matcha part from 234B & C issue. Now the one whose TDS has not been declared by them says the same has been submitted and he shares details with me as well. What should be my next step.

Please suggest.

CA Suraj Lakhotia

IndigoLearn

4898 Points Joined May 2008

The following will help you -

1. collect form16/16A in original from the person who has deducted tds.

2. Register online at www.incometaxindiaefiling.gov.in and View Form 26AS for the relevant assessment year.

3. If the form 26AS does not reflect the TDS amount -

- Take up the issue with the deductor

- Submit copies of Form 16 to the Income Tax department as a proof of tax having been paid.

CA Suraj Lakhotia

IndigoLearn

4898 Points Joined May 2008

The following will help you -

1. collect form16/16A in original from the person who has deducted tds.

2. Register online at www.incometaxindiaefiling.gov.in and View Form 26AS for the relevant assessment year.

3. If the form 26AS does not reflect the TDS amount -

- Take up the issue with the deductor

- Submit copies of Form 16 to the Income Tax department as a proof of tax having been paid.

Envynicky

Consultant

33 Points Joined June 2013

Hi Suraj,

Thanks great help. Apologies for asking so mnay questions but to clarify:

- is anyone who deducts a TDS liable to give a Form 16 with me? (I ask because in the present case I am not a regular employee for him but yes I keep doing regular works for them)

If yes I will ask for same immediately from him and then check out 26AS as suggested by you and then take any action.

Thanks