Additional Tax Demand AY 2008-09

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..... Additional Tax Demand AY 2008-09
Query (Issue) Started By: - harish kumar k Dated:- 26-10-2016 Last Reply Date:- 2-11-2016 Income Tax
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Income Tax
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 "HO .....

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..... USE 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 .....

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..... 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 a .....

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..... bout ₹ 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. Reply By MARIAPPAN GOVINDARAJAN: The Reply: You have selected wrong Income Tax Return in that year which is the result of your present discrepancy. .....

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Discussion Forum - Knowledge Sharing .....

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