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
Deduction under chapter IV-A ignored in intimation, prompting tax demand and query on rectification remedies. A taxpayer claimed a deduction under Chapter IV A in the filed return which the assessing officer omitted in the section 143(1) intimation, producing a tax demand; the taxpayer possesses investment certificates and seeks the applicable time limit and procedural remedies to rectify the return and have the intimation amended. (AI Summary)