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ITR NOTICE 2020-21
Dear experts, I filled return A. Y 2020-21 on 13.10.2020. Business income itr 3 total income 351580/- but intimation 143 (1) received show. TOTAL INCOME AS PROVIDED BY TAXPAYER 351580/- BUT AS COMPUTED U/S 143(1)SHOW 37133610/- THREE CARORE SEVENTY ONE LAC THIRTY THREE THOUSAND SIX HUNDRED 10. DEMAND RAISE 17947440/- I CHECK AGAIN ITR. BUT ITR IS CORRECT 351580 /- PLEASE SUGGEST.
Replies (1)
If you believe your original ITR was correct, do not pay the demand immediately. Instead, analyze the specific "adjustment" mentioned in the Section 143(1) intimation. If the discrepancy is due to a system error or data mismatch (like missing TDS credit), file an online Rectification Request through the Income Tax e-Filing portal. If you identify a genuine mistake in your original filing, you may need to file a revised return or pay the tax demand.
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