Intimation u/s 143(1)

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
15 March 2012 Kindly give your suggestion:
A return was filled for the F.Y.2009-10. There was difference between computation and return. Actually there was no short term capital gain u/s 111A and also as per computation attached with the return there was no short term capital gain but as the return format was taken as was used for F.Y.2008-09, by mistake short term capital gain u/s 111A figure was not deleted for the F.Y.2009-10 however no sales / purchase was shown in the return and tax liability was calculated by IT software as zero.

Intimation is received u/s 143(1)demanding amount on the basis of amount shown in the return as long term gain (which was not actually for the F.Y.2009-10 but was of F.Y.2008-09).

Can revised return be filed after intimation u/s 143(1)?

Kindly suggest further course of action.

15 March 2012 Yes you can file revise return.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries