Notice u/s 143(1)

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Querist : Anonymous

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Querist : Anonymous (Querist)
06 September 2011 An Assessee efiled his return and had refund due of around Rs. 4500/-. He had no taxable income( other than bank interest) and claimed refund for TDS on Bank interest deducted by banks.However, on income tax website under form 26AS the amount displayed as TDS is just Rs.2500/-. The TDs deducted by one bank is only partially visible and that deducted by other bank is not updated. The assessee has received notice u/s 143(1) for a refund amount of Rs 2500/- only. What should the assesse do?. Please advise what all should be done by the assessee and within what time limit?.

Thanks in advance!
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U S Sharma

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U S Sharma (Expert)
06 September 2011 within 30 days he has to file rectification and rush to the bank to update the TDS return, which is not displayed in 26AS
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U S Sharma

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U S Sharma (Expert)
06 September 2011 within 30 days he has to file rectification and rush to the bank to update the TDS return, which is not displayed in 26AS
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Querist : Anonymous

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Querist : Anonymous (Querist)
06 September 2011 Thanks
How to file a rectification ? Please explain in detail.
Thanks once again
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U S Sharma

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U S Sharma (Expert)
06 September 2011 open the e filing portal, click on file rectification and you will get everything there.

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