I am expecting refund of Rs 4000/- for AY 2013-14.
Suddenly I have received intimation under section 245. As per the letter, the refund amount for AY 2013-14 is adjusted against the demand for AY 2011-12. The demand is raised under section 1431a and demand amount is Rs 20,000/-.
I approached to my jurisdictional AO and found that my self-assessment tax of Rs 15,000/- for AY 2011-12 was not considered during the processing. I requested for manual rectification (through petition letter with the necessary challan copy and form 26AS) and after rectification, net amount payable for AY 2011-12 is Rs 500/- as interest u/s 234C. The officer said that self-assessment tax cannot be more than Rs 10,000/- and I should had paid it as advance tax within the time limit. I now need to pay the amount.
In the above situation, I have the following queries -
1. After rectification, net amount payable for AY 2011-12 is Rs 500/- only. Why is e-Filing portal still showing outstanding tax demand as Rs 20,000/-.
2. After paying the net amount of Rs 500/-, should I need to write any letter to ITO Ward/jurisdictional AO to vacate the demand? If yes, what would be the format?
3. Do I need do anything other than the above mentioned in point# 2 to get the refund of Rs 4000/- for AY 2013-14?
Regards
Sourav Das
CAclubindia
