09 April 2016
ITR 1 FILLED for AY 2014-15 WITH 340000 deduction us 80 c 1000000 .tds deducted 66000 of which 2470 showing 'O' status
Income tax has raised demand of same amount which showing 'O' status.
Please help what should I submit in reply to income tax
09 April 2016
First you have to contact you deductor that you have booked 2470/- as "OVERBOOKED" ask them Kindly do correction and rectify it so that my demand will be solved.
10 April 2016
After getting corrected as said by Bhagat Ji, you have to file a rectification return u/s 154 and upon approval of the same the demand /refund will become zero .
CAclubindia
