TAX Query

1213 views

Save Share

Prabeer

B. COM (H) CA & CS Final

3103 Points Posted on 12 December 2008

Mr. A's TDS (Rs.15000) has been deducted by his employer (XYZ Ltd.) & deposited into bank and TDS returns (quarterly) have been submitted with ITD for the same for F.Y 2007-08.

Mr. A files ITR with ITD for F.Y 2007-08 and asks for refund (as his employer has deducted Rs. 500 excess as Mr. A's net tax liability comes to Rs. 14500 for F.Y 2007-08)

ITD sends a demand order to Mr. A, which informs Mr. A that total credit of TDS available against Mr. A's PAN for F.Y.2007-08 is Rs. 10000 and should pay Rs. 5000 with interest immediately.

Mr. A's employer confirms him that there's no error on the employer's part.

What should Mr. A do now ?????

Replies (6)

harshavardhana

39 Points Posted on 12 December 2008

Originally posted by :PRABEER SARKAR

Mr. A's TDS (Rs.15000) has been deducted by his employer (XYZ Ltd.) & deposited into bank and TDS returns (quarterly) have been submitted with ITD for the same for F.Y 2007-08.
Mr. A files ITR with ITD for F.Y 2007-08 and asks for refund (as his employer has deducted Rs. 500 excess as Mr. A's net tax liability comes to Rs. 14500 for F.Y 2007-08)
ITD sends a demand order to Mr. A, which informs Mr. A that total credit of TDS available against Mr. A's PAN for F.Y.2007-08 is Rs. 10000 and should pay Rs. 5000 with interest immediately.
Mr. A's employer confirms him that there's no error on the employer's part.
What should Mr. A do now ?????

Appeal to CIT appeal or Revision application to CIT.....first option preferred

Prabeer

B. COM (H) CA & CS Final

3103 Points Posted on 12 December 2008

Thanks Mr. harshavardhana.

9949033514

student

45 Points Posted on 12 December 2008

for how many rented house can assessee get HRA as deductions u/s 10(13a)

Prabeer

B. COM (H) CA & CS Final

3103 Points Posted on 13 December 2008

Only 1 Rented house.

rac2hit

student

27 Points Posted on 13 December 2008

Kindly tell me the tax treatment of dollar/currency future trading & under which head will it come?

Guest

Posted on 15 December 2008

Hi,

I would like to file my companies (pvt ltd company) income tax returns in Mumbai instead of ujjain .The registered office of Company is in Ujjain . How do I go about it . Will it help if I set up a head office in Mumbai and start filing ITR there .

Thanks