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Intimation received under section 143(1)(a)

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ANIL KUMAR KHETAN

PROPRIETOR

552 Points Posted on 14 November 2021

Computron of business income wrongly calculated - I) Share of firm loss adjusted in business income , if not shown in profit and loss account of business income. 2) Gst and TDS payable in added in business income
. Assesses already paid before filing of Return under section 139(1) . No any notice issue by cpc . Please proper advice in this regard by assessee . File rectification pention file under section 154 or other remedies in this regard . Wait for replay .Thak you .

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Quick Summary

This discussion concerns an intimation received under section 143(1)(a) of the Income Tax Act, highlighting potential errors in the calculation of business income. Specifically, the user is seeking advice on how to address the adjustment of a firm's loss in business income when it wasn't reflected in the profit and loss account, and the addition of GST and TDS payable, which the assessee had already paid before filing their return. The user is unsure whether to file a rectification petition under section 154 or explore other remedies.