Demand u/s 154
This query is : Open
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 .
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10 April 2016
Yes agreed, after rectification u/s 154 and acceptance of rectification your demand will be NIL.
14 April 2016
Can ratification be filled without correcting the overbooked amount in tds.
14 April 2016
No first correction need to be done by deductor after then you can do rectification u/s 154.
15 April 2016
If I only claim tds which showing F status then can I rectify my return
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