Intimation u/s. 143(1), Income Tax

[PRAJAPATI JAGADISH]

We have received intimation for the AY 2011-12 in which there was business loss and no audit u/s. 44AD/44AB done and unabsored depreciation is Rs 66101 of the same AY we had file the return on 12/03/2013 and demand for rs 10236

now can we rectify the return u/s. 154

Posts / Replies

[mayank srivastava]

Dear Mr. Prajapati,

 

Why the department raised demand in your return?

Do you want to change any details in the return or somthing have not been considered by the department?

 

Regards,

Mayank

[PRAJAPATI JAGADISH]

they not allowed to set of business loss against other income that is why there is tax payable

[Mayank Srivastava]

Then you try to file rectification but plz make sure that you are setting off the losses as per the provisions of the Income Tax Act.

 Regards,

Mayank