07 August 2024
Dear Members, I have a query for the facts as under: # Return was Originaly filed within due date for AY 2018-19. # Notice u/s 148 was issued on 11.05.2022 to file Revised Return, Return was filed with same figures as per the Original Return. # Later Replied Filed for Notice u/s 142(1). # Assessment Order passed u/s 147 rws 144B by Assessment Unit under Faceless Scrutiny. # There is No Addition of Income. # Income and Tax in the Computation sheet and Original/Revised Return are same. # Credit of TDS and Advance Tax is properly given
But in the Computation Sheet for Order there is Interest u/s 234B and 234C shown as payable for an amount of Rs. 1,15,901/-. Though actually all the Advance Tax was paid correctly... Still there is a demand of Interest...
Query: What is the recourse for the Demand.. As there is no Addition of Income.. Should we file Appeal ?? Request Guidance of Seniors and anybody aware of such a matter.
CAclubindia
