Section 143(1)

779 views 4 replies

Hi,

 

I have received on a Income Tax Intimation u/s 143(1) for the AY 2008-09. There is a difference of Re.1/- ( yes one only ) as per the calculation in the " RETURN OF INCOME " & As Computed Under Section 143(1)".

The TAX PAYABLE - NET AMOUNT PAYABLE reads Rs.1/-

 

Now my question is am I supposed to pay the Re. 1/-. If yes can I pay this amount online & how to pay it online. Pls elaborate & oblige.

Regards

Sumit

Replies (4)

          Hi,

          I Think so Better Way to Pay Re 1/- and U can Pay Online......

      

           Pariksh*t Ekbote

Dear Sumit,

You need not to pay any amount of tax.

As per provision of income tax, income tax is to be paid in multiple of 10 i.e if below 5 then 0 or if 5 or above then 10.

As in ur case it is repuee one it becomes zero.

Dear Summit,

                                 you can write me any problem related to Taxation. my email id is sachinagarwalcallb @ gmail.com. opinion of bhavin is correct.  

u can ignore such demand.. the it dept will not insist on payment of such a very very negligible amount.  since the cost of recovering such amount will be more to the exchequer. forget the notice.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
20 July 2026
Senior GST Executive

Chandak Agarwal & Co

Mumbai

Graduate (Any)

View Details
Company
ARTICLESHIP 17 July 2026
Article Assistant and B.com pass

BANSAL YOGESH AND CO

Gautam Budh Nagar

B.Com

View Details
Company
ARTICLESHIP 14 July 2026
Article Assistants

R Shyam and Associates

New Delhi

CA Final

View Details
Company
14 July 2026
Senior Executive/ Manager

H S SHARMA AND CO

Pune

CA Final

View Details
Company
ARTICLESHIP 30 June 2026
Article Assistant or Paid Assistant

VIKAS VERMA & CO

New Delhi

Others

View Details
Company
ARTICLESHIP 16 July 2026
Article Assistant

G A R U D & Associates

New Delhi

CA Inter

View Details
Company
22 July 2026
Senior Chartered Accountant

SKSS

Patna

CA

View Details
Company
23 July 2026
Semi qualified CA

Garg Bros & Associate CA

New Delhi

CA Inter

View Details