IT TAX INTIMATION LETTER

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STUDENT
46 Points Posted on 18 January 2023

After receiving intimation from cpc u/s 143 they demand me rs.15330...As per my calculation tax is 7000 After taking deduction chapter VI(a)...And in intimation cpc considered no deduction.So As per cpc calculation in intimation net income is greater than my calculation so tax is higher than my calculation..

I want to know WHY CPC CONSIDERED NO DEDUCTION UNDER CHAPTER VI(a)???Pl reply

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On 18 January 2023 at 10:17 Report
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Quick Summary
This discussion addresses a user's confusion regarding an IT tax intimation letter from CPC demanding Rs. 15,330, significantly higher than their calculated tax of Rs. 7,000. The discrepancy arises because CPC appears to have disregarded deductions under Chapter VI(a). The user seeks clarification on why these deductions were not considered, with initial suggestions pointing towards the possibility of the new tax regime being selected or the assessment year being outside the rectification window.

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CFO- at NHTF
58280 Points Posted on 18 January 2023
You might have selected new tax regime. Check once
8 Reply
On 18 January 2023 at 10:37
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STUDENT
46 Points Posted on 18 January 2023

It is the case of F.Y-2010-11,,,I think on that time only old regime is Available..

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On 18 January 2023 at 14:02
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CFO- at NHTF
58280 Points Posted on 18 January 2023
But AY/ FY was not mentioned in the query
8 Reply
On 18 January 2023 at 14:48
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CA IN PRACTICE
150 Points Posted on 18 January 2023

 

You can make a request for reprocess of return for said A.Y..

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On 18 January 2023 at 15:15
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CFO- at NHTF
58280 Points Posted on 18 January 2023
Hope rectification can't be filed beyond 5 years
8 Reply
On 18 January 2023 at 19:10

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