Poonawalla fincorps
Poonawalla fincorps

Demand Notice Ay 20-21

This query is : Resolved 

28 December 2021 I have received a Demand Order based on 143 reason - Exempt Allowance Sec 10(13A) is more than minimum of :a) 50% of (Basic + DA) orb) HRA .Hence amount exempt u/s 10(13A) is recomputed accordingly. Form 16 has the correct HRA and I filed the same on my ITR2 for Ay 20-2021 . Also its claims of unmatched credits as challan not valuable in AY. Both HRA and Challan is same as what I filled in my return. What should I do next . File a rectification as Reprocess the return . Do I need to ask my company anything regarding HRA calculation . for the said year I claimed HRA for only for 8 months , due to change in employment I missed submitting rent receipts to old company and same for not on their Form 16 . Could this cause a problem.

28 December 2021 Unless the form 16 gets rectified, there are no chance to get relief under reprocess of return.

28 December 2021 Thank you , I am not intending to claim anything further ( for the missed period) than what is at present on Form 16 . and I claimed only what I have on Form 16 . Will this be an issue . Can I disagree with Demand and request reprocessing the returning without any changes


28 December 2021 If your claim are genuine, better go for appeal, as rectification request will not yield any result. Still if you wish you may try.



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