Notice u/s 143(1)

I had filed the return for A,Y 2014-2015 and the tax payable was NIL. However i have a received notice u/s 143(1) for A.Y 2014-15 raising a demand of Rs.16040. This was because i have taken wrong amount as Total Income when i filed the return for the same. However if i revise the return u/s 139(5) taking the correct income then i will need not to pay any tax, as was the case earlier. Kindly advise .....

1) Should i pay the demand first and then revise the return claiming refund of the demand paid ?

2) Should i revise the return only and not pay the tax ?

3) Any other recourse to be taken ?

Replies (12)

Second option

 

You don't need to do anything other than revising the return, demand will be cancelled,soon thereafter.

If the return filed in due date you can rectify the same. If not you have to rectify the return. You need not pay the demand.

The return of income(ROI) filed u/s139(1) that is on or before the due date then revised the same ,in case of Belated(after the due date) return rectify the same u/s154 online.in both the cases you need not pay demand.

You need not require to pay the tax if you have filed your return on time i.e., within due date. You are only required to file the revised return of income. As soon as revised return is filed the demand will be withdrawn.

All of you are correct

agree with all above answer

jus revise the return ...

Assessment is complete so u can't revise return.
Originally posted by : Viral Chauhan
The return of income(ROI) filed u/s139(1) that is on or before the due date then revised the same ,in case of Belated(after the due date) return rectify the same u/s154 online.in both the cases you need not pay demand.

 

@ sonu sharma Intimation u/s 143(1) is not an assessment order.So you cant say assessmen tis complete hence return can be revised

Originally posted by : SONU SHARMA
Assessment is complete so u can't revise return.

 

Sonu, on which base you are saying that assessment is complete?

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details
Company
ARTICLESHIP 07 November 2026
Article Assisstant

DPV & Associates

Chennai

CA Inter

View Details
Company
21 October 2026
CA INTER/ BCOM WITH EXPERIENCE

CA S KUMAR GUPTA & CO

Amritsar

CA Inter

View Details
Company
19 October 2026
Accountants/Articles (Freshers/Experienced)

ADY & CO.

New Delhi

Graduate (Any)

View Details
Company
Featured ARTICLESHIP 31 October 2026
CA Articleship

apricus india

Navi Mumbai

CA Inter

View Details
Company
ARTICLESHIP 25 October 2026
Article Intern (CA Articleship)

Arpan Bohra & Co

Hyderabad

CA Inter

View Details
Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details
Company
14 October 2026
Accountant

Rize.farm

Bengaluru

B.Com

View Details