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jayanti darji

Adjustment notice under section 143(1) a...
I have received a communication from cpc. In the error description it is mentioned that there is inconsistency between Other
Source income in return and Form 26AS.
Rs.10772 received is interest from L&T bond and 10% tax is already paid. How to reply.
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Amlan Dutta
This is basically communication of proposed adjustment of income under 143(1)(a).


In your case , clearly you have to agree with the variance for the simple reason that the income presented is taxable income (Bonds interest income from LNT under other sources) and was not offered in return

For this , ...
This is basically communication of proposed adjustment of income under 143(1)(a).<br /><br /><br />In your case , clearly you have to agree with the variance for the simple reason that the income presented is taxable income (Bonds interest income from LNT under other sources) and was not offered in return <br /><br />For this , you shall head towards e-assessment ..there you will see a link titled prima facie adjustment under 143(1)a , you will opt for e assessment and click on submit ...<br /><br />Under proceedings, there will be a table with the listed line item ( bond interest)and option for you to agree/not agree<br /><br />You will click on agree and it shall display a message that you file revised return within 15  days<br /><br />Check this video in case you want to revise return incorporating interest income from LNT bonds.<br />Link - https://www.youtube.com/edit?o=U&video_id=Lthwwwupth4This is basically communication of proposed adjustment of income under 143(1)(a).<br /><br /><br />In your case , clearly you have to agree with the variance for the simple reason that the income presented is taxable income (Bonds interest income from LNT under other sources) and was not offered in return <br /><br />For this , you shall head towards e-assessment ..there you will see a link titled prima facie adjustment under 143(1)a , you will opt for e assessment and click on submit ...<br /><br />Under proceedings, there will be a table with the listed line item ( bond interest)and option for you to agree/not agree<br /><br />You will click on agree and it shall display a message that you file revised return within 15  days<br /><br />Check this video in case you want to revise return incorporating interest income from LNT bonds.<br />Link - https://www.youtube.com/edit?o=U&video_id=Lthwwwupth4This is basically communication of proposed adjustment of income under 143(1)(a).<br /><br /><br />In your case , clearly you have to agree with the variance for the simple reason that the income presented is taxable income (Bonds interest income from LNT under other sources) and was not offered in return <br /><br />For this , you shall head towards e-assessment ..there you will see a link titled prima facie adjustment under 143(1)a , you will opt for e assessment and click on submit ...<br /><br />Under proceedings, there will be a table with the listed line item ( bond interest)and option for you to agree/not agree<br /><br />You will click on agree and it shall display a message that you file revised return within 15  days<br /><br />Check this video in case you want to revise return incorporating interest income from LNT bonds.<br />Link - https://www.youtube.com/edit?o=U&video_id=Lthwwwupth4This is basically communication of proposed adjustment of income under 143(1)(a).<br /><br /><br />In your case , clearly you have to agree with the variance for the simple reason that the income presented is taxable income (Bonds interest income from LNT under other sources) and was not offered in return <br /><br />For this , you shall head towards e-assessment ..there you will see a link titled prima facie adjustment under 143(1)a , you will opt for e assessment and click on submit ...<br /><br />Under proceedings, there will be a table with the listed line item ( bond interest)and option for you to agree/not agree<br /><br />You will click on agree and it shall display a message that you file revised return within 15  days<br /><br />Check this video in case you want to revise return incorporating interest income from LNT bonds.<br />Link - https://www.youtube.com/edit?o=U&video_id=Lthwwwupth4
  • May 21, 2018
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SNEH

Adjustment notice under section 143(1) a...
Hello, I have received IT notice, "Income as per Form 26AS which has not been included in computing the total income in the return-143(1)(a)(vi)", There is a difference of Rs.58438 which is due to standard deductions - Medical Bills, Conveyance, Food Coupon, Professional tax. While filing the IT re...
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Amlan Dutta
This is basically communication of proposed adjustment of income under 143(1)(a)
In your case , clearly you have to disagree with the variance for the simple reason that the income presented is chargeable income from form 16 whereas 26as contains gross salary income whole of which is not subject to ...
This is basically communication of proposed adjustment of income under 143(1)(a) <br />In your case , clearly you have to disagree with the variance for the simple reason that the income presented is chargeable income from form 16 whereas 26as contains gross salary income whole of which is not subject to tax on account of exemptions and deductions available under salary head (applicable to your case )<br /><br />For this , you shall head towards e-assessment ..there you will see a link titled prima facie adjustment under 143(1)a , you will opt for e assessment and click on submit ...it will open up a table showing variance and option for you to agree /not agree <br /><br />You shall proceed to disagree ...as you click on disagree , a bottom table for justifying shall open up with the following fields (see attached pic)<br /><br /><br />For TAN - Employer TAN (since this is w.r.t salary receipts)<br /><br />Amount paid /credited by deductor - As appearing in form 16 ( Gross) / alternatively take from 26 as <br /><br />Nature of receipt as per deductor - Salary <br /><br />Income /gross receipt as per return - Put in chargeable income that you put in return <br /><br />Head of income/schedule under which reported in return - 17 i.e salary section is actually section 17 of the act <br /><br />Reason - From dropdown select the option <br />"Income is not chargeable to tax/ exempt"<br /><br />Justification - Standard deduction available under section 16 and exemptions available under section 10<br />(You can give detailed breakup here accounting the difference of 58438 Rs i.e x1+x 2+x3 = 58438 .x1,x2,x3 being such and such deductions etc)<br /><br />For attachment, you can attach your form 16 which clearly mentions the standard deductions and show the chargeable income to be the filled figure for salary in your return of income<br /><br /><br />In future, show this exemptions and deductions in return itself .....<br /><br />if you are willing, i would want to record video solution for this case (since this is effecting many people) if i have further details of your case ....you can mail me your credentials and all details at amlandutta007@gmail.com.......This is basically communication of proposed adjustment of income under 143(1)(a) <br />In your case , clearly you have to disagree with the variance for the simple reason that the income presented is chargeable income from form 16 whereas 26as contains gross salary income whole of which is not subject to tax on account of exemptions and deductions available under salary head (applicable to your case )<br /><br />For this , you shall head towards e-assessment ..there you will see a link titled prima facie adjustment under 143(1)a , you will opt for e assessment and click on submit ...it will open up a table showing variance and option for you to agree /not agree <br /><br />You shall proceed to disagree ...as you click on disagree , a bottom table for justifying shall open up with the following fields (see attached pic)<br /><br /><br />For TAN - Employer TAN (since this is w.r.t salary receipts)<br /><br />Amount paid /credited by deductor - As appearing in form 16 ( Gross) / alternatively take from 26 as <br /><br />Nature of receipt as per deductor - Salary <br /><br />Income /gross receipt as per return - Put in chargeable income that you put in return <br /><br />Head of income/schedule under which reported in return - 17 i.e salary section is actually section 17 of the act <br /><br />Reason - From dropdown select the option <br />"Income is not chargeable to tax/ exempt"<br /><br />Justification - Standard deduction available under section 16 and exemptions available under section 10<br />(You can give detailed breakup here accounting the difference of 58438 Rs i.e x1+x 2+x3 = 58438 .x1,x2,x3 being such and such deductions etc)<br /><br />For attachment, you can attach your form 16 which clearly mentions the standard deductions and show the chargeable income to be the filled figure for salary in your return of income<br /><br /><br />In future, show this exemptions and deductions in return itself .....<br /><br />if you are willing, i would want to record video solution for this case (since this is effecting many people) if i have further details of your case ....you can mail me your credentials and all details at amlandutta007@gmail.com.......This is basically communication of proposed adjustment of income under 143(1)(a) <br />In your case , clearly you have to disagree with the variance for the simple reason that the income presented is chargeable income from form 16 whereas 26as contains gross salary income whole of which is not subject to tax on account of exemptions and deductions available under salary head (applicable to your case )<br /><br />For this , you shall head towards e-assessment ..there you will see a link titled prima facie adjustment under 143(1)a , you will opt for e assessment and click on submit ...it will open up a table showing variance and option for you to agree /not agree <br /><br />You shall proceed to disagree ...as you click on disagree , a bottom table for justifying shall open up with the following fields (see attached pic)<br /><br /><br />For TAN - Employer TAN (since this is w.r.t salary receipts)<br /><br />Amount paid /credited by deductor - As appearing in form 16 ( Gross) / alternatively take from 26 as <br /><br />Nature of receipt as per deductor - Salary <br /><br />Income /gross receipt as per return - Put in chargeable income that you put in return <br /><br />Head of income/schedule under which reported in return - 17 i.e salary section is actually section 17 of the act <br /><br />Reason - From dropdown select the option <br />"Income is not chargeable to tax/ exempt"<br /><br />Justification - Standard deduction available under section 16 and exemptions available under section 10<br />(You can give detailed breakup here accounting the difference of 58438 Rs i.e x1+x 2+x3 = 58438 .x1,x2,x3 being such and such deductions etc)<br /><br />For attachment, you can attach your form 16 which clearly mentions the standard deductions and show the chargeable income to be the filled figure for salary in your return of income<br /><br /><br />In future, show this exemptions and deductions in return itself .....<br /><br />if you are willing, i would want to record video solution for this case (since this is effecting many people) if i have further details of your case ....you can mail me your credentials and all details at amlandutta007@gmail.com.......This is basically communication of proposed adjustment of income under 143(1)(a) <br />In your case , clearly you have to disagree with the variance for the simple reason that the income presented is chargeable income from form 16 whereas 26as contains gross salary income whole of which is not subject to tax on account of exemptions and deductions available under salary head (applicable to your case )<br /><br />For this , you shall head towards e-assessment ..there you will see a link titled prima facie adjustment under 143(1)a , you will opt for e assessment and click on submit ...it will open up a table showing variance and option for you to agree /not agree <br /><br />You shall proceed to disagree ...as you click on disagree , a bottom table for justifying shall open up with the following fields (see attached pic)<br /><br /><br />For TAN - Employer TAN (since this is w.r.t salary receipts)<br /><br />Amount paid /credited by deductor - As appearing in form 16 ( Gross) / alternatively take from 26 as <br /><br />Nature of receipt as per deductor - Salary <br /><br />Income /gross receipt as per return - Put in chargeable income that you put in return <br /><br />Head of income/schedule under which reported in return - 17 i.e salary section is actually section 17 of the act <br /><br />Reason - From dropdown select the option <br />"Income is not chargeable to tax/ exempt"<br /><br />Justification - Standard deduction available under section 16 and exemptions available under section 10<br />(You can give detailed breakup here accounting the difference of 58438 Rs i.e x1+x 2+x3 = 58438 .x1,x2,x3 being such and such deductions etc)<br /><br />For attachment, you can attach your form 16 which clearly mentions the standard deductions and show the chargeable income to be the filled figure for salary in your return of income<br /><br /><br />In future, show this exemptions and deductions in return itself .....<br /><br />if you are willing, i would want to record video solution for this case (since this is effecting many people) if i have further details of your case ....you can mail me your credentials and all details at amlandutta007@gmail.com.......
  • May 21, 2018
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Avadhut Nigudkar

Adjustment notice under section 143(1) a...
Dear Amlan,

I've received a notification email under section 143(1) a

I had filled ITR-4 for presumptive income for the business. According to it, my income is below 2.5 lakhs and so I am not supposed to pay any income tax.

But, as per the notice, it is saying the Tax refund that I am asking which i...
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Amlan Dutta
Your adjustment intimation depicts that you have not shown any business income and also not shown any income from other sources ( interest income) whereas your 26 as clearly shows it .....check your tax credit statement and your return filed and accordingly decide
  • May 7, 2018
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