20 July 2015
I have received the intimation u/s 143(1) for Partnership Firm. In this department has shown the liability by way of increase in interest u/s 234B & 234C. No additions are being made in this. I have also paid the interest outstanding demand. Now I have a query that how should I remove the demand liability from IT account. That is, whether I should file revised return or file rectification u/s 154 or give response to outstanding demand. If I have to give response to outstanding demand then what should I select Agree with demand or Disagree with demand. If I select Agree with demand then I won't be able to give Challan details.