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Intimation u/s 143 (1)

Gadhabi (.) (26 Points)

07 September 2011

Hi,

I have e-filed my returns this year and have received the intimation from CPC - I - T that INR 1 is payable. What should I do now? Should I file revised returns?

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12 Replies

saminathan.s (Student) (29 Points)
Replied 07 September 2011

File a rectification return ... dont file a revised return.... or pay INR 1 :) :)

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Gadhabi (.) (26 Points)
Replied 07 September 2011

I called up the CPC call centre. They say if demand is less than INR 10 then there is no need to pay. Could someone please confirm the same?

Mihir (Wealth Manager) (5293 Points)
Replied 07 September 2011

You should go to IT dept and pay Rs.1/- coin personally. LOL,

No need to pay this tax. Read section 288B.

TRILOCHAN (SENIOR ACCOUNTANT) (698 Points)
Replied 07 September 2011

No need to pay tax upto Rs.10

Akhil Sharma (Service) (141 Points)
Replied 07 September 2011

No need to pay nor any revision in the return is required.

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Gadhabi (.) (26 Points)
Replied 07 September 2011

Thanks all for the info.

Ramanuj (Accountant.) (834 Points)
Replied 07 September 2011

Thanks all for Very Good Information.

valji (Accounts manager-MBA) (2150 Points)
Replied 07 September 2011

i also receive the same i not done anything

Aditya Maheshwari (CA in Practice) (35867 Points)
Replied 07 September 2011

What if amount is Rs. 80 payable? The intimation states no refund to be issued if refund less than 100 or no challan enclosed if payable less than Rs. 100/-. So do we need to pay or even if we pay how to intimate the department i. e. whether to send a letter to Bangalore or Local IT Department for payment of tax?

C A kailash vyas (propritor) (48 Points)
Replied 07 September 2011

as per income tax u/s 288 B --- Round off the tax up to Rs. 10/- ie there is no requirment to pay tax . as per u/s 288A round off the Total Income .