Intimation u/s 143(1) related query
This query is : Resolved
18 July 2012
Dear Experts,
I have filed my IT returns online for the AY2011-12. I had 2 form 16's due to change of employer and as I didn't submit form 12b to my new employer, I had tax liabilities and I paid the same as self assessment tax before filing returns. But while doing this, I forgot to calculate the interest and I received an INTIMATION U/S 143(1) email from IT department for the interest to be paid. I paid the interest online and it is also reflected in form26AS, but I did not file a revised return/rectification request until this day. When I checked the CPC Processing status in incometaxefiling website,it displays a message “e-Return has been processed at CPC - demand determined (tax is payable)” Please let me know what I am supposed to do.
Do I need to file revised returns or rectification? If so please specify the section under which I need to file this. When I spoke with one of the Integrated Enterprises associate, she says I don't need to do anything for this as I have paid my interest, but I am not sure how to rectify the above mentioned message in CPC site.
Thanks in advance for your time and response.
Praveen
I have filed my IT returns online for the AY2011-12. I had 2 form 16's due to change of employer and as I didn't submit form 12b to my new employer, I had tax liabilities and I paid the same as self assessment tax before filing returns. But while doing this, I forgot to calculate the interest and I received an INTIMATION U/S 143(1) email from IT department for the interest to be paid. I paid the interest online and it is also reflected in form26AS, but I did not file a revised return/rectification request until this day. When I checked the CPC Processing status in incometaxefiling website,it displays a message “e-Return has been processed at CPC - demand determined (tax is payable)” Please let me know what I am supposed to do.
Do I need to file revised returns or rectification? If so please specify the section under which I need to file this. When I spoke with one of the Integrated Enterprises associate, she says I don't need to do anything for this as I have paid my interest, but I am not sure how to rectify the above mentioned message in CPC site.
Thanks in advance for your time and response.
Praveen
18 July 2012
you can file a rectification application u/s 154 of incometax act, 1961 to CPC and they can rectify the mistake accordingly
Message likes :
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18 July 2012
Thank you sir for your message. But I saw a contradictory message in "Rectification-Common Errors" guide which has a line that states "Assessees having paid demand are filing for rectification to get a nil demand rectification order. This is NOT
NECESSARY." Shall I go ahead and upload my updated XML file for rectification. Other thing that I want to ask is while preparing the excel sheet for rectification, after entering all my TDS, Self Assesment Taxes paid details, do I still need to press the "calculate tax" button in the excel utility. As my return is for 2011-12 and if I enter today's date as return filing date, my interest liability comes to a huge amount. So please let me know which date I should enter in the excel utility before generating the XML.
NECESSARY." Shall I go ahead and upload my updated XML file for rectification. Other thing that I want to ask is while preparing the excel sheet for rectification, after entering all my TDS, Self Assesment Taxes paid details, do I still need to press the "calculate tax" button in the excel utility. As my return is for 2011-12 and if I enter today's date as return filing date, my interest liability comes to a huge amount. So please let me know which date I should enter in the excel utility before generating the XML.
01 August 2024
Here's how you can address the issue related to the intimation under Section 143(1) and the need for rectification:
### **Understanding the Situation:**
1. **Interest Payment and Intimation:**
- You received an intimation under Section 143(1) for interest payment due to the omission in calculating interest on self-assessment tax.
- You have already paid the interest, and it is reflected in Form 26AS.
2. **Rectification or Revised Return:**
- You are considering whether to file a revised return or a rectification request.
### **Steps to Address the Issue:**
1. **Filing Rectification:**
- **Purpose:** If you have paid the interest but it is still showing as a demand, you should file a rectification to correct the intimation.
- **Section to Use:** You would generally file a rectification under **Section 154** of the Income Tax Act. This section allows you to rectify any mistakes or errors in the intimation issued by the CPC.
2. **Rectification Process:**
- **Online Filing:**
- Log in to the [Income Tax e-Filing Portal](https://www.incometax.gov.in/iec/foportal).
- Go to **“My Account”** and select **“Rectification”**.
- Choose the relevant assessment year (AY 2011-12) and the type of error (in your case, it’s related to interest calculation).
- Upload the updated XML file if necessary.
- **Excel Utility:**
- When preparing the rectification using the Excel utility, you should:
- Enter the actual tax details as they are after payment of interest.
- You may enter the date of return filing as the date when you are preparing the rectification request (current date) for calculation purposes, but it’s crucial to ensure that the details are correct.
- **Calculate Tax:** Yes, you should press the "Calculate Tax" button after entering all the details to ensure the correct tax liability is reflected.
3. **Confirming Necessity of Rectification:**
- **Check the Guide:** The guide you referred to mentions that rectification to get a nil demand is not always necessary if the demand has been cleared. However, it is generally a good practice to file a rectification request to ensure that your records are updated correctly and there are no pending issues with the demand.
4. **Follow-Up:**
- **Verify Status:** After submitting the rectification, monitor the status on the e-filing portal to confirm that the demand has been adjusted correctly.
- **Communication:** Keep copies of all communications and payment confirmations for your records.
### **Summary:**
1. **File Rectification under Section 154:** Use this to correct any discrepancies in the intimation regarding the interest demand.
2. **Prepare and Upload XML:** Ensure all details are accurate and use the current date for filing.
3. **Monitor Status:** Check the status on the e-filing portal after submitting the rectification.
By following these steps, you can address the issue with the intimation and ensure your tax records are updated accurately.
### **Understanding the Situation:**
1. **Interest Payment and Intimation:**
- You received an intimation under Section 143(1) for interest payment due to the omission in calculating interest on self-assessment tax.
- You have already paid the interest, and it is reflected in Form 26AS.
2. **Rectification or Revised Return:**
- You are considering whether to file a revised return or a rectification request.
### **Steps to Address the Issue:**
1. **Filing Rectification:**
- **Purpose:** If you have paid the interest but it is still showing as a demand, you should file a rectification to correct the intimation.
- **Section to Use:** You would generally file a rectification under **Section 154** of the Income Tax Act. This section allows you to rectify any mistakes or errors in the intimation issued by the CPC.
2. **Rectification Process:**
- **Online Filing:**
- Log in to the [Income Tax e-Filing Portal](https://www.incometax.gov.in/iec/foportal).
- Go to **“My Account”** and select **“Rectification”**.
- Choose the relevant assessment year (AY 2011-12) and the type of error (in your case, it’s related to interest calculation).
- Upload the updated XML file if necessary.
- **Excel Utility:**
- When preparing the rectification using the Excel utility, you should:
- Enter the actual tax details as they are after payment of interest.
- You may enter the date of return filing as the date when you are preparing the rectification request (current date) for calculation purposes, but it’s crucial to ensure that the details are correct.
- **Calculate Tax:** Yes, you should press the "Calculate Tax" button after entering all the details to ensure the correct tax liability is reflected.
3. **Confirming Necessity of Rectification:**
- **Check the Guide:** The guide you referred to mentions that rectification to get a nil demand is not always necessary if the demand has been cleared. However, it is generally a good practice to file a rectification request to ensure that your records are updated correctly and there are no pending issues with the demand.
4. **Follow-Up:**
- **Verify Status:** After submitting the rectification, monitor the status on the e-filing portal to confirm that the demand has been adjusted correctly.
- **Communication:** Keep copies of all communications and payment confirmations for your records.
### **Summary:**
1. **File Rectification under Section 154:** Use this to correct any discrepancies in the intimation regarding the interest demand.
2. **Prepare and Upload XML:** Ensure all details are accurate and use the current date for filing.
3. **Monitor Status:** Check the status on the e-filing portal after submitting the rectification.
By following these steps, you can address the issue with the intimation and ensure your tax records are updated accurately.
01 August 2024
Here's how you can address the issue related to the intimation under Section 143(1) and the need for rectification:
### **Understanding the Situation:**
1. **Interest Payment and Intimation:**
- You received an intimation under Section 143(1) for interest payment due to the omission in calculating interest on self-assessment tax.
- You have already paid the interest, and it is reflected in Form 26AS.
2. **Rectification or Revised Return:**
- You are considering whether to file a revised return or a rectification request.
### **Steps to Address the Issue:**
1. **Filing Rectification:**
- **Purpose:** If you have paid the interest but it is still showing as a demand, you should file a rectification to correct the intimation.
- **Section to Use:** You would generally file a rectification under **Section 154** of the Income Tax Act. This section allows you to rectify any mistakes or errors in the intimation issued by the CPC.
2. **Rectification Process:**
- **Online Filing:**
- Log in to the [Income Tax e-Filing Portal](https://www.incometax.gov.in/iec/foportal).
- Go to **“My Account”** and select **“Rectification”**.
- Choose the relevant assessment year (AY 2011-12) and the type of error (in your case, it’s related to interest calculation).
- Upload the updated XML file if necessary.
- **Excel Utility:**
- When preparing the rectification using the Excel utility, you should:
- Enter the actual tax details as they are after payment of interest.
- You may enter the date of return filing as the date when you are preparing the rectification request (current date) for calculation purposes, but it’s crucial to ensure that the details are correct.
- **Calculate Tax:** Yes, you should press the "Calculate Tax" button after entering all the details to ensure the correct tax liability is reflected.
3. **Confirming Necessity of Rectification:**
- **Check the Guide:** The guide you referred to mentions that rectification to get a nil demand is not always necessary if the demand has been cleared. However, it is generally a good practice to file a rectification request to ensure that your records are updated correctly and there are no pending issues with the demand.
4. **Follow-Up:**
- **Verify Status:** After submitting the rectification, monitor the status on the e-filing portal to confirm that the demand has been adjusted correctly.
- **Communication:** Keep copies of all communications and payment confirmations for your records.
### **Summary:**
1. **File Rectification under Section 154:** Use this to correct any discrepancies in the intimation regarding the interest demand.
2. **Prepare and Upload XML:** Ensure all details are accurate and use the current date for filing.
3. **Monitor Status:** Check the status on the e-filing portal after submitting the rectification.
By following these steps, you can address the issue with the intimation and ensure your tax records are updated accurately.
### **Understanding the Situation:**
1. **Interest Payment and Intimation:**
- You received an intimation under Section 143(1) for interest payment due to the omission in calculating interest on self-assessment tax.
- You have already paid the interest, and it is reflected in Form 26AS.
2. **Rectification or Revised Return:**
- You are considering whether to file a revised return or a rectification request.
### **Steps to Address the Issue:**
1. **Filing Rectification:**
- **Purpose:** If you have paid the interest but it is still showing as a demand, you should file a rectification to correct the intimation.
- **Section to Use:** You would generally file a rectification under **Section 154** of the Income Tax Act. This section allows you to rectify any mistakes or errors in the intimation issued by the CPC.
2. **Rectification Process:**
- **Online Filing:**
- Log in to the [Income Tax e-Filing Portal](https://www.incometax.gov.in/iec/foportal).
- Go to **“My Account”** and select **“Rectification”**.
- Choose the relevant assessment year (AY 2011-12) and the type of error (in your case, it’s related to interest calculation).
- Upload the updated XML file if necessary.
- **Excel Utility:**
- When preparing the rectification using the Excel utility, you should:
- Enter the actual tax details as they are after payment of interest.
- You may enter the date of return filing as the date when you are preparing the rectification request (current date) for calculation purposes, but it’s crucial to ensure that the details are correct.
- **Calculate Tax:** Yes, you should press the "Calculate Tax" button after entering all the details to ensure the correct tax liability is reflected.
3. **Confirming Necessity of Rectification:**
- **Check the Guide:** The guide you referred to mentions that rectification to get a nil demand is not always necessary if the demand has been cleared. However, it is generally a good practice to file a rectification request to ensure that your records are updated correctly and there are no pending issues with the demand.
4. **Follow-Up:**
- **Verify Status:** After submitting the rectification, monitor the status on the e-filing portal to confirm that the demand has been adjusted correctly.
- **Communication:** Keep copies of all communications and payment confirmations for your records.
### **Summary:**
1. **File Rectification under Section 154:** Use this to correct any discrepancies in the intimation regarding the interest demand.
2. **Prepare and Upload XML:** Ensure all details are accurate and use the current date for filing.
3. **Monitor Status:** Check the status on the e-filing portal after submitting the rectification.
By following these steps, you can address the issue with the intimation and ensure your tax records are updated accurately.
01 August 2024
Here's how you can address the issue related to the intimation under Section 143(1) and the need for rectification:
### **Understanding the Situation:**
1. **Interest Payment and Intimation:**
- You received an intimation under Section 143(1) for interest payment due to the omission in calculating interest on self-assessment tax.
- You have already paid the interest, and it is reflected in Form 26AS.
2. **Rectification or Revised Return:**
- You are considering whether to file a revised return or a rectification request.
### **Steps to Address the Issue:**
1. **Filing Rectification:**
- **Purpose:** If you have paid the interest but it is still showing as a demand, you should file a rectification to correct the intimation.
- **Section to Use:** You would generally file a rectification under **Section 154** of the Income Tax Act. This section allows you to rectify any mistakes or errors in the intimation issued by the CPC.
2. **Rectification Process:**
- **Online Filing:**
- Log in to the [Income Tax e-Filing Portal](https://www.incometax.gov.in/iec/foportal).
- Go to **“My Account”** and select **“Rectification”**.
- Choose the relevant assessment year (AY 2011-12) and the type of error (in your case, it’s related to interest calculation).
- Upload the updated XML file if necessary.
- **Excel Utility:**
- When preparing the rectification using the Excel utility, you should:
- Enter the actual tax details as they are after payment of interest.
- You may enter the date of return filing as the date when you are preparing the rectification request (current date) for calculation purposes, but it’s crucial to ensure that the details are correct.
- **Calculate Tax:** Yes, you should press the "Calculate Tax" button after entering all the details to ensure the correct tax liability is reflected.
3. **Confirming Necessity of Rectification:**
- **Check the Guide:** The guide you referred to mentions that rectification to get a nil demand is not always necessary if the demand has been cleared. However, it is generally a good practice to file a rectification request to ensure that your records are updated correctly and there are no pending issues with the demand.
4. **Follow-Up:**
- **Verify Status:** After submitting the rectification, monitor the status on the e-filing portal to confirm that the demand has been adjusted correctly.
- **Communication:** Keep copies of all communications and payment confirmations for your records.
### **Summary:**
1. **File Rectification under Section 154:** Use this to correct any discrepancies in the intimation regarding the interest demand.
2. **Prepare and Upload XML:** Ensure all details are accurate and use the current date for filing.
3. **Monitor Status:** Check the status on the e-filing portal after submitting the rectification.
By following these steps, you can address the issue with the intimation and ensure your tax records are updated accurately.
### **Understanding the Situation:**
1. **Interest Payment and Intimation:**
- You received an intimation under Section 143(1) for interest payment due to the omission in calculating interest on self-assessment tax.
- You have already paid the interest, and it is reflected in Form 26AS.
2. **Rectification or Revised Return:**
- You are considering whether to file a revised return or a rectification request.
### **Steps to Address the Issue:**
1. **Filing Rectification:**
- **Purpose:** If you have paid the interest but it is still showing as a demand, you should file a rectification to correct the intimation.
- **Section to Use:** You would generally file a rectification under **Section 154** of the Income Tax Act. This section allows you to rectify any mistakes or errors in the intimation issued by the CPC.
2. **Rectification Process:**
- **Online Filing:**
- Log in to the [Income Tax e-Filing Portal](https://www.incometax.gov.in/iec/foportal).
- Go to **“My Account”** and select **“Rectification”**.
- Choose the relevant assessment year (AY 2011-12) and the type of error (in your case, it’s related to interest calculation).
- Upload the updated XML file if necessary.
- **Excel Utility:**
- When preparing the rectification using the Excel utility, you should:
- Enter the actual tax details as they are after payment of interest.
- You may enter the date of return filing as the date when you are preparing the rectification request (current date) for calculation purposes, but it’s crucial to ensure that the details are correct.
- **Calculate Tax:** Yes, you should press the "Calculate Tax" button after entering all the details to ensure the correct tax liability is reflected.
3. **Confirming Necessity of Rectification:**
- **Check the Guide:** The guide you referred to mentions that rectification to get a nil demand is not always necessary if the demand has been cleared. However, it is generally a good practice to file a rectification request to ensure that your records are updated correctly and there are no pending issues with the demand.
4. **Follow-Up:**
- **Verify Status:** After submitting the rectification, monitor the status on the e-filing portal to confirm that the demand has been adjusted correctly.
- **Communication:** Keep copies of all communications and payment confirmations for your records.
### **Summary:**
1. **File Rectification under Section 154:** Use this to correct any discrepancies in the intimation regarding the interest demand.
2. **Prepare and Upload XML:** Ensure all details are accurate and use the current date for filing.
3. **Monitor Status:** Check the status on the e-filing portal after submitting the rectification.
By following these steps, you can address the issue with the intimation and ensure your tax records are updated accurately.
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