Gopal Mirchandani (Retired) (110 Points)
24 February 2013Hello
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
C.A. Jignesh N. Mehta
(C.A.)
(1030 Points)
Replied 24 February 2013
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
