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Notice of demand under section 156 of the income-tax act, 19

Badaa (employee) (109 Points)

03 March 2014

Hi All ,

Please provide me the input or reduction of tax dues.

if I appeal using the below "an appeal under Part A of Chapter XX of the Income-tax Act, 1961, to the Commissioner of Income-tax (Appeals) ".

Thanks

Balavijayan.

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SHASHANK AGARWAL (self employed) (114 Points)
Replied 03 March 2014

Your query is not clear, please elaborate..

for more queries log on to : https://knowyourtaxation.blogspot.in/

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Badaa (employee) (109 Points)
Replied 04 March 2014

I have received Assesment order by Notice of demand under section 156 of the income-tax act 1961 for paying tax for huge amount.

Any possiblities of reducing of my tax by appealing to commisioner under an appeal under Part A of Chapter XX of the Income-tax Act, 1961, to the Commissioner of Income-tax (Appeals) ".

SHASHANK AGARWAL (self employed) (114 Points)
Replied 04 March 2014

Yes you can easily appeal against the demand notice and assessment order in CIT (Appeals) or CIT within 30days and one year respectively.

Also note that you need to take a stay order for the demand notice or else you will be regarded as assessee in default and liable to penalty and interest u/s 220 and 221 if you do not pay the taxes as per demand notice within 30 days.

https://knowyourtaxation.blogspot.in/

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Badaa (employee) (109 Points)
Replied 04 March 2014

@ Shashank ,Thanks for the useful information and I need the another information , Could I able to get modification if I Appeals with commisioner

SHASHANK AGARWAL (self employed) (114 Points)
Replied 04 March 2014

If you prove to CIT that your income has been wrongly assessed and that your Tax liability is lower than stated in demand notice, then the modifications will be made by the CIT u/s 264.