Hello,
I received an Intimation from Income Tax Department, under section 143(1). They have calculated tax on my whole income 2,40,000 for AY 2009-2010.
The calculation have completely omitted deduction of Transport Allowance and House Rent Allowance (exempt u/s 10 as stated in my Form 16). The amounts are 9600 and 46560 respectively.
The calculation under 143(1) states I have to pay around Rs. 6,500.
Are the deductions not be considered? How should I proceed now? Please help.
Thanks
-Naren