Some doubt related to 234 b, c calculation

Others 496 views 3 replies

Diptikalyan Saha

Researcher

25 Points Joined April 2014

Hi,

Relevant Info:

AY 2012-13.
Due date for filing: 31.08.2012
I filed (thru online): 30.08.2012
Total income tax libility (26): 791248.
TDS: 747,925.

I have not paid any advance tax (in Sept, Dec, March).

On 31.07.2012, I was trying to fillup the tax return online (later on the day I found that return date was extended for a month - so submitted the return on 30.08.2012).

incometaxindia gives an excel sheet to calculate tax. I used that on 31st July, 2012 and found that my total interest payable is Rs. 3334.

Based on that, I paid a self assesment tax (on 31.07.2012) of 46,657 (791248-747925+3334). I mentioned that in my return and filed the return one month later on 30.08.2012. I have checked my 26AS online and self assestment tax is showed there.

On 06.03.2013 I get an email from cpc @ with attachment stating that net amount payabe for me is 50,120.

I have attached (please see attachment) the calculation they have made to arrive that figure.

The discrepancy seems to be calculation of 234b,c and no taking into consideration that I paid self assesment tax.

To see how they have calculated the 234b,c figure - I checked that if the assesment is done on 1st 2013 then that figure match.

Am I right? But I dont undertstand that if I am paying on 31st July 2012 - why do I have to pay interest for the whole year.
Also why dont they consider self assesment tax while calculating net tax payable.

Any help regarding this will be helpful. I think I have paid what I should pay - but Govt dont think I have paid. What to do.

Attached File : 1268495 1307951 attachment q.zip downloaded: 126 times

Replies (3)

Guest

Pl check the challan of self assessment tax for the assessment year. Is it AY 2012-13?

Diptikalyan Saha

Researcher

25 Points Joined April 2014

I have checked the 26AS for AY 2012-13 in the tax web site.

In the part C it shows the amount as follows.

The challan that I got after paying it in the bank website do not have the AY written.

PART C – Details of Tax Paid (other than TDS or TCS)

Sr. No.	Major Head3	Minor Head2	Tax ( Rs. )	Surcharge ( Rs. )	Education Cess ( Rs. )	Others ( Rs. )	Total Tax ( Rs. )	BSR Code	Date of Deposit	Challan Serial Number	Remarks**


1	0024	300	43,323.00	0.00	0.00	0.00	46,657.00		31-Jul-2012		-

Guest

Rectification petition filed should be online within 30 days from the date of intimation received.

After loggin in under “My Account” there is a tab called “Rectification Request” which will allow you to file your rectification online on submission of CPC Communication reference number which is mentioned in the intimation u/s 143(1).

You have mentioned that you received the intimation on 6/3/14. So, its well past 30 days now. So, you might have to contact your assessment officer now.

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