demand as per computation sheet but order shows income assessed at nil

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..... demand as per computation sheet but order shows income assessed at nil
Query (Issue) Started By: - rahul saxena Dated:- 19-4-2022 Last Reply Date:- 7-4-2023 Income Tax
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Income Tax .....

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While reassessment under 147 AO passed order at nil income in case of a society registered under Sec 12A.Original assessment under 143(3) was also on nil income.However now the order passed at nil .....

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..... income contains a computation sheet with demand in crores of rupees due to the fact that accumulation under Sec 11(2) was not fed in that sheet though it was originally allowed in original return and .....

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..... there was no point in current reassessment hence no question of disallowance. Now problem is there is no option of filing 154 online in case of returns assessed after 2020-21 in the portal and also .....

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..... when order is for nil income then how should rectification be made and is it really required as the primary thing is order only. Reply By Padmanathan Kollengode: The Reply: As demand can be raised o .....

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..... nly on order and the order is nil, no demand can be made by department. However, you may file rectification with jurisdictional AO out of abundant caution.
Discussion Forum - Knowledge Sharing .....

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