Demand notice from it department

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 July 2015 I filed my IT return{U/s 139(4)} on 14/03/2015 for AY 2014-15 declaring net taxable income Rs 240130/- after deduction u/s 80C, net tax payable was 2073 after claiming 87A & Rs.2073 Tax was adjusted with TDS (misconception of TDS) in IT Return. But actually i was not entitled to any TDS. Now i received notice from IT department for demand Rs.2233/- (incl. interest u/s 234A)

What should I do now?

Can I apply for rectification u/s 154

Nikhil Kaushik

Nikhil Kaushik (Expert)
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12 July 2015 if you are not eligible for any TDS credit, then what will you rectify? pay off the tax demand..thats all you gotta do. the difference in the tax liability and the demand is the interest that you gotta pay for delay in tax filing.