Time tag to issue notice of demand u/s 143(1)
This query is : Resolved
14 December 2011
Hello All, Can any of you clearify the below snag....
I filed Return of income for the A/Y 2008-09 on 23-3-2009, indicating a Tax liability of Rs 27199/-. I also paid Rs 10000/-. Attached the proof of payment there with.
On 11/12/2011 I RECEIVED A NOTICE OF DEMAND from Concerned A.O. Asking me to pay the difference of tax Rs 17199/- ( 27199-10000). Isuspect the notice of demand issued suffers from time limit imposed under section 143 (1). My stand is, as the notice is issued after the time limit, i need not to respond.
Please advice whether my stand is currect?
I filed Return of income for the A/Y 2008-09 on 23-3-2009, indicating a Tax liability of Rs 27199/-. I also paid Rs 10000/-. Attached the proof of payment there with.
On 11/12/2011 I RECEIVED A NOTICE OF DEMAND from Concerned A.O. Asking me to pay the difference of tax Rs 17199/- ( 27199-10000). Isuspect the notice of demand issued suffers from time limit imposed under section 143 (1). My stand is, as the notice is issued after the time limit, i need not to respond.
Please advice whether my stand is currect?
14 December 2011
Yes you are correct. Notice u/s. 143(1) can be issued before 1 year from the end of the relevant financial year in which the return is made. You can file appeal with the CIT ( Appeals ). You have to respond to the intimation u/s. 143(1) by filing appeal .
14 December 2011
Intimation u/s 143(1) can be sent upto 1 year from the end of the relevant assessment year.in your case intimation issued is time barred and thus invalid.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- RCM INVOICING FROM NOV-2024
- Event company query
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
Trending Online Classes
CAclubindia
