Additional Tax Demand AY 2008-09

[harish kumar k]

Dear sir

I have filed IT Returns for AY 2008-09 at Nizamabad in Manual ITR. I am a salaried individual having availed Home Loan.

In the ITR for AY 2008-09 format, there was no column to reflect INCOME CHARGED UNDER HEAD 'HOUSE PROPERTY' (enter -ve sign in case of loss, if any). ITR for AY2008-09 was filled without mentioning Interest paid on Housing Loan i.e. ₹ 76507 and specified Income chargeable under head Salaries - ₹ 509046 without deducting interest paid on housing loan. TDS deducted by employer was shown as ₹ 50225

Duly filled in ITR supported with Form 16 provided by employer. Form 16 clearly states that

Income chargeable under head salaries 509046

less loss on housing property 76507

Gross Total income 432539

Deductions under chapter VI-A 100000

Total Income 332540

tax on total income +Education

cess + Surcharge (48762+1463) 50225

I have received a outstanding tax demand notice ID 2014200810002607494T dated 24/07/2014 under section 154 for ₹ 42450. My IT refund about ₹ 80000/- for AY2015-16 was kept on hold.

I have disagreed with the demand instantly and interacting with regular correspondence with respective ITO circle office to withdraw the outstanding demand and release the refund.

Please clarify.

AI Summary

Taxpayer Disputes AY 2008-09 Demand of 42,450 Due to Missing Home Loan Interest Column in ITR Form A salaried individual filed a manual Income Tax Return (ITR) for Assessment Year (AY) 2008-09 without accounting for interest paid on a home loan due to the absence of a relevant column in the ITR form. This oversight led to an outstanding tax demand of 42,450 under section 154, issued in 2014, and the withholding of a refund of approximately 80,000 for AY 2015-16. The individual is actively disputing the demand and seeking resolution with the Income Tax Office. A response suggests that the issue arose from selecting the incorrect ITR form for that year.