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Notice U/s 143(1)

Others 790 views 1 replies

Ashish Kumar Banka

Project Finance Executive

86 Points Posted on 01 February 2011

I have Fiiled My Return for AY 09-10 By E-filling which is correct. In which I Have Shown My Business Income 99704,Other Income 115582 Deduction(u/s 80C) 70475 Capital Loss (in share) 187954 Agriculture Income 48000 But Instead Of This Amt. Tax deptt Considered Business Income 197166 And No declaration Given And Issued Tax Liabilty Of 9504 And Intt. Of 2632 So That Total TAx Liability Of 12136 Have demanded For Deposit. And Passed The Order On 16-07-2010. Suggest What I have To do. from Where I can Find The Increment Of That Income Considered By The Deptt. and how it can be rectify?

Replies (1)

DMC

Student

364 Points Posted on 03 February 2011

If the intimation under Section 143(1) of the Income Tax Act, 1961 is issued by CPC Banglore then follow the procedure for rectification as given on the website https://incometaxindiaefiling.gov.in/portal/downloads10-11/Rectification%20Manual.pdf

If the intimation under Section 143(1) of the Act is not issued by CPC Banglore but by the respective Assessing Officer then file an application for rectification under Section 154 of the Act manually.