Income tax demand

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amit (Querist)
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08 June 2012 I filed my ITR 2009-10 & 2010-11 manually (ITR-1), In ITR forms of those year, no column was given for showing loss under House Property i.e. u/s 24 (b) Intt. on housing loan. Then I shown the intt. as deduction column by striking off. "other" to "intt. u/s 24 (b) on housing loan that was 1.5 Lac. Now, am in receipt of demand from IT Dept. they actually did'nt considered 1.5 Lac u/s 24 (b). when I contacted ITO he said you should have to file ITR-2 at that time I can't do anything. Sir, now I am terrified of demand of Rs.45 K Pls. suggest

Pls. suggest me @ 9716256711

CA Salman Mansoori

CA Salman Mansoori (Expert)
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10 June 2012 Since there is a demand intimation, you hve the only remedy of filing the return in ITR 2. Though it is time barred. You are filing return against the intimation which is allowed. file the return manually. The ack copy must be submitted to AO and he will accordingly rectify the demand and issue a refund order