Hello
Need some help! Just received an intimation u/s 143(1) for Ass Year 2011-12 where the ITO has not given credit and Demanded Tax with penalty and interest for the following:
- Sec 88 (PPF etc)
- TDS on Bank Interest
- SElf Assesement Tax
Both the TDS and Self Assessment Tax are shown in the Form26AS. What is my recourse?
Appeal or rectification?
Thanks
Gopal
You need to file rectification u/s 154.
Provide the officer with the copies of all the credit you want.
1. Deduction of PPF is available u/s 80C - provide officer with PPF paid receipt with bank statement to prove your word.
2. Tax Credit and TDS credit , provide officer with TDS certificates, tax paid challans.
3. Provide details of income offered to tax in respect of TDS claim you have asked for , i.e. bank interest whether offered to tax or not.
I hope this solves your queries
CAclubindia
