dear all,
one person received intimation under section 143(1) from CPC With a demand of tax
but there are following problems
1. income is revised to include exempt income of Rs.1lac which is PF withdrawal after completing 5 years of service. due to this der is demand
2. mismatch of tds. already tds reflected in 26AS and taken TDS. In his login also there is no TDS mismatch.but CPC hs tkn mismatch
now for tds mismatch we cn raise rectification.... but for income inclusion of exempt income how to go ahead? pls advise
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Intimation under section 143(1)
Replies (15)
As per my understanding you should file return in response to Section 143(1)...showing separately pf withdrawal income under exempt income...and as far as TDS mismatch is concerned it will remain same i.e.as per 26AS....
FOR WHICH FY ?
if it's for a. y. 2018-19 , file revised return, disclosing exempted income in its respective column
this is for ay 17-18... already for one correction once revised return filed and taxes duly paid
Have shown your pf withdrawal under the head exempted income? If not file revised return once again showing exempted income
in ay 17-18 i don't see any provision in return for showing exempted income....
In all returns there's provisions to enter exempted income madam
wil check it up. meanwhile this has been raised by dept several times and the explanation given already..
Then there's no necessity to worry though time limitation for filing revised return has expired, your issue can be sorted out by filing rectification application. If you have no objections, PLS mail the copy of 143(1) intimation to ramki8219.ito @ gmail.com
thank you sir... for rectification application is there a change in income accepted.... if accepted pls let me know which option from the drop down tobe selected covering both
Rectification application has to be made when there's an apparent mistake from record but generally AOs will accept rectification application when there's change in income unless the total income in rectification application is greater than total income in original /revised return
thank u sir... fr filing rectification out of 4 options from drop down which one tobe selected in this case? cn u pls guide....
You better file manual rectification application before your jurisdictional AO because Cpc won't rectify in most of the cases unless it's a straight and simple case
thank you so much for the replies sir
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