rashi bajpai (nil) (41 Points)
27 November 2011
Devendra
(Chartered Accountant)
(4775 Points)
Replied 27 November 2011
Have you received any Intimation u/s 143(1) earlier relating to the Return filed by you? If yes, then check the follwoing things in the Computation made by the income Tax Dept. :-
1) Whether they have given Credit for Advance Tax by you?
2) Whether they have given Credit for Self Assessment Tax paid by you?
3) Whether they have given Credit forTDS claimed by you?
4) Whether they have given Credit for Deductions under Chapter VI A?
5) Whether they have correctly recognized the Assessee? (For Eg : IT Dept may recognize a Female Assessee as a Male Assessee)
If there is any such mistake from the above mentioned points, then you may write to the AO by attaching it with the proof.
Regards,
Devendra K
CS RAJESH C.CHOUDHARY
(ASSISTANT MANAGER)
(14607 Points)
Replied 28 November 2011
Without perusing the intimation alongwith the computation of total income it is difficult to answer your query, further they may be a demand because of non reflection of Tds, disallowance of any claim u/s.80C or U/c.VIA or wrong filing of details of the return, however, you can seek rectification u/s.154 of the act provided the error is apparent from the records.
You should reply properly the letter received from IT commissioner and should raise objection as per details in your possession. You can demand the process of calculation done by department and may reconcile with your accounts and may initiate further action as advised and
You would have received a assessment order also that would have shown the basis of arriving at the amount of2,264..
This may be due to incorrect computation of taxes by you or incorrect exemption claim that may have been disallowed by the IT departement.
HOPE YOUR QUERY IS SOLVED NOW.
Regards
RAJESH CHOUDHARY
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)
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