Outstanding tax demand

737 views 6 replies

Hi,

I have received outstanding tax demand from income tax for rs 3090. When i checked online, it is also showing the this outstanding tax demand. When i checked the intimation i received on my email, they have not included Rs 10,000 in section 80TTA which i had included for deduction on saving bank account interest.

I had included the total saving account interest in total income(from salary) and calculated the tax and paid the remaining as self assessment tax.
Have i filled my IT return wrong or is this a mistake from income tax side.

I am attaching screenshot of the intimation

https://imgur.com/ltCrZrA

You can see the difference in total income after dedcutions (and that introduced the outstanding tax).

What i have missed/missing and what i have to do.

Please help.

Replies (6)

"I had included the total saving account interest in total income(from salary) "

You did included the interest income under the head income from other sources only, right? 

 

Did you claimed any set off of losses?

 

Actually i had done a mistake that i had included the total saving account interest in total income(from salary) and not in the income from other sources. May be thats why they had scrapped my section 80TTA deduction of rs 10000.

Now i know that i had done a mistake, i am confused what i have to do now.  Should i have to do a rectification request or have to file a revised return.

 

if the return was filed on time (u/s 139(1)) then you can revise it.

Otherwise wait for the notice of demand and there will be CPC reference no. in that notice, you can then rectify the mistake u/s 154

Thanks for the help.

Still have a small doubt. I have received the notice of demand and also have the CPC reference no. But i have read that we have to file a revised return if there is a change in income.

In my case, i have to divide the "income from salary" into "income form salary" and "income from other sources" and the gross total income would remain the same. So this can be done by rectification or have to file revised return for this.

I am thinking to go ahead with rectification with the option as reason as => "There is a variance in tax/Interest computation even though Total income remains the same" in category "Tax Payer is correcting the data in rectification".

Any help would be appreciated

You can opt for any

I believe that you would still need to complete the Pending Actions on the Dashboard for this demand notice. Experts on this wonderful forum can tell if this step is still needed after rectification step.

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