29 March 2015
i had file e return in july 2014 for which i received notice under s143 i again rectified it and now i ahve receive demand notice under 154 . the mismatch in my return is credit mismatch in my 26as as per IT remarks. i have paid the said tax but my 26as does not got updated what should i do and demand notice is for penalized amounting four time the disputed. what to do . please guide accordingly
29 March 2015
1. First, you contact your AO for giving credit to your form 26AS.You bring the tax paid challan along with indemnity bond on Rs.100 stamppaper.
2. Once the credit show in your 26AS, then you can reply to the demand notice, by attaching the copy of 26AS.