Dear friends please help me...
An assesse have pension as his income..In A.Y 2012-13 he got pension of Rs3,15,914 for which TDS of Rs11,751 has deducted by sub treasury but failed to remit the tax, but remitted in A.Y 2013-14. Assessee filed his return for A.Y 2012-13 by claiming the TDS amount before the due date. But since the treasury has failed to remit the TDS, Sub treasury changed the Assesment year of that pension to A.Y 2013-14 and later sub treasury issued a Form 16 in the A.Y 2013-14 for the pension Of A.Y 2012-13 on which the assessee has already filed the Income Tax Return. Assesse got an Intimation letter U/S 143(1) on 6/6/2013 requring to pay tax of Rs. 13,940 (11750 + int.2138) which is(Rs.11750) already remitted by sub treasury in A.Y 2013-14.. Assessee also filed his return for A.Y 2013-14 Including the Form 16 issued by the sub trasury relating to the pension of A.Y2012-13.
Kindly give me suggestion what to do in the situation mentioned above..Do the assessee have to pay the balance interest Rs. 2138.?...Should the assesse have to revise the return?..or whether the assesse have to pay the entire amount of Rs. 13940 demanded in the notice?...kindly give me suggesttions...
You can also mail me.... rahultsnandu @ gmail.com
Thankyou in advance.....
CAclubindia
