Demand u/s 143(1)

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

08 June 2015 I filed return for AY 14-15 on an internet portal and have recd a demand of 20859 as tax on my declared income of 60501.( My only source of income is Tuition fee of Rs 60,000 pa that i get as cash, interest income of Rs 501 and Income from Dividends as 15,000). IT authorities have added another Rs 60,000 as " Any other income under Chapter XII/XII A" over and above my declared income of 60501 for that AY. The tax rate for the same has been 30% though i fall into a 10% bracket. Can u let me know what needs to done next?

Rupesh Jain

Rupesh Jain (Expert)
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08 June 2015 pls check your 26AS form on the incometaxindiaefiling.gov.in

it may possible any another income you recd, of intt. income.

Querist : Anonymous

Querist : Anonymous (Querist)

08 June 2015 Mr.Jain, i have checked my Form 26AS. There is no other income reported there.

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Amol S Joglekar

Amol S Joglekar (Expert)
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08 June 2015 Then file the rectification u/s 154, online.

Querist : Anonymous

Querist : Anonymous (Querist)

08 June 2015 what does " Any other income under Chapter XII/XII A" means?

Amol S Joglekar

Amol S Joglekar (Expert)
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08 June 2015 chapter XII deals with Determination of tax in certain special cases like....long term capital gain, short term capital gain, tax on royalties, dividend etc.

Chapter XIIA deals with Special provisions relating to certain income of non resident.

Querist : Anonymous

Querist : Anonymous (Querist)

08 June 2015 Thanks Mr. Joglekar. Before filing rectification us 154, can i know the basis of CPC adding an additional Rs 60,000 in my income. Would it be possible to see this in the demand that they have sent as iam not able to figure out

Amol S Joglekar

Amol S Joglekar (Expert)
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08 June 2015 it is visible under your log in. Go to intimation u/s 143(1A)

But the reason would be best known once you file rectification.

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CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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08 June 2015 agreed with amol sir's view

Querist : Anonymous

Querist : Anonymous (Querist)

09 June 2015 Thanks. I tried filing rectification us 154 but it is not accepting the PAN and AY stating " No Intimation order exists for the AY" or " No CPC intimation exists for the given PAN and Assessment Year". I have put in all the paramters (PAN, AY and Communication reference number correctly)

Querist : Anonymous

Querist : Anonymous (Querist)

09 June 2015 On further probe i have noticed that IT Auth have included Rs 60,000 under section code 5BBE which in my sense covers section 68 wherein the AO would have treated my tuition fee as unexplained cash credit and taxed it @ 30%.The order has been generated at CPC. What is the recourse that i have for the same?

Amol S Joglekar

Amol S Joglekar (Expert)
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10 June 2015 you have filed the return on INTERNET PORTAL. So you must file the rectification online. Try one more time before calling the CALL CENTRE, which is the next course of recourse.

And please, dont imagine the things which are NOT there in the Income Tax Act. Go in a straight forward manner. Your income is 60000 fees and 15000 interest.

Raising demand by CPC has to be challenged by you through rectification or otherwise.

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