06 March 2013
I have recd intimation u/s 143 (1 ) from income Tax, before that i have file Belated return on dtd : 04/10/12.
i have mention total income in IT Return as per Form 16 ( Recd From Employer ). my net taxable income of Rs 3,85, 397/- & tax on Taxable income of Rs 21,156/- which already deducted by employer, but when i m submit the return that time i m mention as per form 16 Taxable income Rs 3,85,397/- but tds deducted amount mention only Rs 7,156/- ( wrongly entered )& return uploaded.
now intimation recd with demand of Rs 16,060/- ( with 234 A,B,C interest ) tax payable.
can anybody guide me how to solve this problem
should i rectify the return ( I have file Be lated return - after due date )
08 March 2013
Reenter correct TDS amount in ITR, Regenerate xml file and upload under section 154 with annotation of mistake and selection appropriate option i.e.data changed in itr