banner_ad

Section 143(1)

Others 763 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.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details