25 June 2018
I HAVE RECEIVED INTIMATION U/S 143(1) FOR A/Y 17-18 SHOWING AMOUNT PAYABLE OF RS 545 AFTER PAYING THIS TAX DO I NEED TO SEND ANY CHALLAN DETAILS TO CPC ALSO
25 June 2018
I HAD FILED THE RETURN ONLINE THROUGH JAVA UTILITY AND THE INTEREST U/S 234C WAS AUTOMATICALLY CALCULATED NOW I HAVE RECEIVED THIS INTIMATION U/S143(1) ON ACCOUNT OF ADDITIONAL INTEREST U/S 234C WHY IS IT DIFFERENT FROM THE INTEREST CALCULATED BY JAVA UTILITY
01 August 2024
If you’ve received an intimation under Section 143(1) showing an amount payable of Rs. 545 and it pertains to additional interest under Section 234C, follow these steps:
### **1. **Pay the Tax**
- **Make the Payment:** Pay the demanded amount of Rs. 545 through the prescribed method (online or via challan).
### **2. **Check for Additional Details**
- **Verify Interest Calculation:** The difference between the interest calculated by the Java utility and the interest mentioned in the intimation could be due to: - **Errors in Calculation:** Check if the interest was calculated correctly in the Java utility. - **System Updates:** The CPC might have updated or corrected the interest calculations post-return filing.
### **3. **File Rectification if Required**
- **Rectify the Error:** If you believe that the interest calculation error is due to a mistake or miscalculation in the return filed, you can file a rectification request: - **Login to the Income Tax Portal:** Go to the [Income Tax e-filing portal](https://www.incometax.gov.in/iec/foportal). - **Access Rectification Section:** Select “e-File” and then “Rectification.” - **Choose the Correct Type:** Choose “Taxpayer Correction” and provide details of the discrepancy.
### **4. **Communicate Payment Details**
- **No Need to Send Challan:** Once you have made the payment, you generally do not need to send the challan details separately to the CPC. The payment details should be automatically updated in the system. - **Verify Payment:** Ensure that the payment is reflected in your Form 26AS and is visible in your e-filing account.
### **5. **Review the Intimation**
- **Understand Discrepancies:** The intimation under Section 143(1) is generated based on the department's calculations. If there's a discrepancy, it is important to review: - **The Basis of Calculation:** Review how the CPC calculated the interest and ensure that all figures align with the return and tax laws.
### **Summary of Actions:**
1. **Pay the Additional Tax:** Ensure that the payment of Rs. 545 is made promptly. 2. **Check Interest Calculation:** Review the calculation differences between the Java utility and CPC’s intimation. 3. **Rectify Errors if Necessary:** If you believe there was an error in the return or interest calculation, file a rectification request. 4. **Verify Payment Status:** Ensure the payment is reflected in Form 26AS and in your e-filing account.
### **Additional Tips:**
- **Consult Tax Professionals:** If the issue persists or if you’re unsure about the calculations, consulting a tax professional can provide clarity and assistance. - **Keep Records:** Maintain records of all communications, payments, and rectification requests for future reference.
By following these steps, you should be able to resolve the issue related to the additional tax payable and understand the differences in interest calculations.
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