Sir, I have filed A.Y. 2017-18 ITR after due date with 0 pay or refund and its processed and I have received intimation U/s 143 demand of 250₹. Now what can I do. please tell me about rectification... and its process
Under intimation u/s 143 you can see the difference in calculation of income filed by you and as per department. After you find out the reason of difference, rectification can be done by login to the assesses e- filing account.
You have option to Pay the demand or If you feel that demand is incorrect than revised the return accordingly. if you didn't reply the demand with in prescribed time(15Day) than you will be deemed as asseasee in default and Interest and penalty u/s 220/221 shall be imposed
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