Vineet Sharma (Astt. Manager) (56 Points)
05 March 2010If anyone is served with a notice U/S 143(1) & tax is demanded, but the return on the basis of which such tax is demanded was wrong (i.e the person by mistake has not shown deduction under chapter VIA from the gross income).
What that person should do? Should he deposit the tax as demanded or visit the income tax department with form 16 & other relevant documents?
Pawan Kr. Tomar
(CA)
(169 Points)
Replied 05 March 2010
If that person files return and comply on requirement of section 139. then he may file revise return which shuld be proved that mistake was not intentional. Notice u/s 143(1) is irrelevant if he file revised return within time allowed.
Sunil Liladhar Kotak
(Manager (F & A))
(2025 Points)
Replied 05 March 2010
the person can file the revise return if the time limit for the revise return is not lapsed. The Notice u/s 143(1) will not restrain the person from filing of the revise return.
sunil
Bala
(Student)
(498 Points)
Replied 06 March 2010
Revised return can be filed.. intimation u/s 143(1) will not be construed as completion of assessment
Amir
(Learner)
(4016 Points)
Replied 06 March 2010
Dear Vineet,
Agree with friends above Return can be revised after receipt of Intimation u/s 143(1)............
Just want to add that, Do it within 30 days of receipt of Intimation ,otherwise the provisions regarding "assessee in defaut" will be attracted.......
Vineet Sharma
(Astt. Manager)
(56 Points)
Replied 09 March 2010
The assessment u/s 143/1 is for the assessment year 2008-09. Can the person file revised retun?
CAclubindia
