Dear sir
we filed my client It return for the AY 2009-10 with Deductions Under chapter IV-A (74000), But IT dept not considered the Deduction amount in the 143(1) computation. So as per this notice we have to pay the Tax, We also have the Investment certificates with us as proof.
Q1 Time limit for rectifying the return with IT dept
Q2 How we will solve this problem please give suggestion
Taxpayer Challenges Income Tax Notice for Disallowed Deductions Under Chapter IV-A; Seeks Rectification Advice per Section 143(1) A client filed an income tax return for the assessment year 2009-10, claiming deductions under Chapter IV-A amounting to 74,000. However, the Income Tax Department did not consider this deduction in the Section 143(1) computation, resulting in a tax liability notice. The client possesses investment certificates as proof of the claimed deductions. They seek advice on the time limit for rectifying the return with the department and solutions to resolve this issue. (AI Summary)
TaxTMI 
TaxTMI 
TaxTMI 
