05 December 2016
Hello Experts Sir I have return file ITR 4 A.Y 16-17 on 05.08.2016 & paid income tax Rs 57250 after deduction 80C I am Prop of Trading Co. But I have received Intimation u/s 143(1) & making a demand of Rs 5075/-(For Advance tax Interest) 1. For Default in Payment of Advance Payment (Section 234B = 2958 2. For Deferment of Advance Tax (Section 234C) =2117 2958+2117=5075 Please Clarify this notice & Matter of Advance Tax (Calculation of 5075) What i do for payment of 5075 or Not
06 December 2016
Since Tax Liability exceeds INR 10,000, advance tax is applicable. Please pay the demanded amount online and file necessary response online.