I have received intimation u/s 143(1) for income did not round off so now what shall I do?
Pankaj Arora (Learner) (3134 Points)
15 January 2011
I have received intimation u/s 143(1) for income did not round off so now what shall I do?
K Rajendra Prasad
(CA)
(133 Points)
Replied 15 January 2011
Hi
1. For all ITRs filed online you will get intimation u/s 143(1).
2. If you find any mistake you can file 154.
3. I think you will not get any tax demand due to rounding errors. You can ignore the tax demand if it is few rupees. i.e. less than Rs.10 to Rs.50.00
CA P KARTHIKA
(Chartered Accountant)
(715 Points)
Replied 20 January 2011
you wl get notice u/s 143(1) once ITR furnished by u is correct, so no further process needed as said by Mr. K Rajendra Prasad
siri
(CFO)
(174 Points)
Replied 26 January 2011
i agree with k.rajendra prasad. for roundif off it's very less amount just igonore it.
if it a big amount, cpc can attach a tax payment sheet,.
so u don't worry abt that.
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
