I.tax notice u/s 154
Pradip
(Querist) 28 December 2013
This query is : Resolved
SIR,
WE HAVE RECD.NOTICE FROM I.TAX DEPT.U/S154 FOR I.TAX PAYMENT FOR ALL 4 QTR OF F.Y.2012-13.BUT FACT IS THAT WE MADE ALL OUR PAYMENT/RETURNS IN TIME. WE HAVE MADE THE PAYMENT AS PER NOTICE IN JULY 13. NOW WHAT IS THE NEXT STEP WE SHOULD HAVE TO TAKE ?
ajay sethi
(Expert) 28 December 2013
contact your CA . reply to notice . enclose proof of payment made
R.K Nanda
(Expert) 28 December 2013
CONSULT TAX LAWYER.
Rajendra K Goyal
(Expert) 28 December 2013
Please search whether all the payments made by you has been reflected in your credit. Check form 26AS online. There seems to be some mistake due to which the demand is raised for the deposited tax. Find the mistake and rectify it first. If the credit is not shown in your 26AS of your PAN file rectification and claim extra deposited by you.
Vineet
(Expert) 31 December 2013
Notice u/s 154 is issued for rectification of any mistake apparent from record and not for demand of any tax payment. Please check the contents of notice again. For FY 2012-13 i.e. AY 2013-14, returns have just been filed, hence any cause for issuance of notice u/s 154 for rectification of any mistake does not arise.
C. P. CHUGH
(Expert) 07 January 2014
Perhaps you are confused between the notice u/s 154 issued under chapter XVIIB for defaults in quarterly statements and notice u/s 154/155 issued for rectifying any order under section 143. I presume you have defaulted in quarterly tax payments but have made good the defaults by paying in Jul 2013. However it appears you have not uploaded correction statements and there fore are in receipt of this notice. Read the notice carefully and if required furnish quarterly correction statements against for closure of demands.
