Notice under section 143(1). how to deposit tax?

Tax queries 10904 views 15 replies

We have got a notice under Sec. 141(3) demanding950 for A.Y. 2010-11. We want to pay it, but having few queries regarding it:

 

1) The return was filed in hard copy at IT office. Can we now pay the tax online?

 

2) While I was on "e-Payment" page of TIN-NSDL, the following option were there:

 

Type Of Payment*
(100)ADVANCE TAX (102)SURTAX
(300)SELF ASSESSMENT TAX (106)TAX ON DISTRIBUTED PROFITS
(400)TAX ON REGULAR ASSESSMENT (107)TAX ON DISTRIBUTED INCOME







 

Which one should I choose, as it will be paid for last year in response to a notice.

 

3) Is there any need to send intimation to Assessing Officer, if we choose to pay in Bank and not online.

 

Thanks in anticipation

Replies (15)

is it 143(1) or 141(3)??

Tax on Regular Assessment..

143(3) ASSESSMENTS CARRY A CHALLAN SIGNED BY ITO ANNEXED WITH THE ASSESSMENT ORDER, USE THAT FOR PAYMENT

it would be self assessment tax.

and no need to intimate AO as it is a system generated letter, as the AO would automatically know the payment of tax as it would reflected as tax credit against ur PAN in the IT system.

 

hpoe it would be of some assisstance to u.. :)

it is just ana intimation not an oeder u/s 143(3).

so no regular assessment code.

It should be paid as tax on regular assessment for A.Y.2010-11 for which the notice is been issued.

It is tax on regular assessment.

dont pay it on self assessment tax as you are paying it by the demand of department.

pay it online and take your sec 143 notice to the concerned department and also prepare a reply letter u/s 154 get acknowledged and you need to take assessment letter.

THANKS EVERYONE........

 

I just checked it again...It is NOT A NOTICE, it is an INTIMATION under Sec. 143(1). So, should I deposit it as Advance tax or tax on regular assessment or self assessment????

Sec 143 (1) means its an intimation only if it is demand then its u/s 156 of income tax act

sec 143(1) ki intimation mei agar tax payable dikhta hai tou it is in itself an order to pay tax.


no demand order is separately required.

since it is neither a Advance Tax or Regular Assessment Tax or any other tax on distributed tax the option left is Self Assessment Tax.

 

Waise it doesn't matter much coz tax deposit hona important na ki the SYSTEM based FORMALITIES.

either u pay challan or online mention ur PAN correctly and the tax paid would be reflected in your Form 26AS.

 

:)

It is tax on regular assessment . 

Originally posted by : shanil jain

sec 143(1) ki intimation mei agar tax payable dikhta hai tou it is in itself an order to pay tax.


no demand order is separately required.

since it is neither a Advance Tax or Regular Assessment Tax or any other tax on distributed tax the option left is Self Assessment Tax.

 

Waise it doesn't matter much coz tax deposit hona important na ki the SYSTEM based FORMALITIES.

either u pay challan or online mention ur PAN correctly and the tax paid would be reflected in your Form 26AS.

 

:)


Correction- the tax will be paid under Regular Assessment Tax head.

HI Shanil, I am shocked to receive IT notices via mail for the AY as old as

of 2003-04, and 4-5,5-6, 6-7, 7-8.8-9 and 9-10, for all the assesses myself, my wife, HUF, I am really shocked, when checked online, no details or there except for return details of AY 2011-12, the demands raised or from Rs 13 to 22000, making altogather nearly 70 thousand,

My problem is, I had changed my CA from the current year and and the returns for the AY 2011-12 is filled by the New CA, now it seems that he too dont want to take any pain for digging the old returns,

What should I do.??

Shall I pay the tax as per the demands or I can adopt any other way, as I have all the taxes on time and all the returns are Ok, no complication, the only issue is, time problem as I am the only member in the family who looks after the business/ home afairs etc and over all already tired of the lenghthy process of the govt departments and a patient of BP.

In case you advise me to pay the demands, please advise me the process so that all the records are corrected, even in one case, the TDS deduted by the Bank  on FDR of the HUF a/c, is squared off the with TDS amount, although the tax was not that much, but due the mistakes from the bankers, the TDS is not taken in to consideration by the IT department and the demand is raised for that amount also.

Regards

 

Jagmender


CCI Pro

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