In a case one company has paid surcharge of Rs100000 by
mistake. What are the remedies available to the companies.
Answers were Sorted based on User's Feedback
Answer / rajesh
Since your question is not able to understand. because
company paid Rs.100000/-. surcharge for IT or TDS
Is This Answer Correct ? | 5 Yes | 1 No |
Answer / shiwani vaishnav
Was that Company doesn't know? In which head it was going
to pay Surcharges of Rs. 1,00,000/-
Is This Answer Correct ? | 6 Yes | 2 No |
Answer / balaji.s.
Possible remedies are:
1. File a revised return rectifying the mistake.
2. If Assessment is finalised, then assessee can apply to IT
officer who has done assessment requesting to pass amended
order.
Income tax act:
Rectification of mistake.
154. 2[(1) With a view to rectifying any mistake apparent
from the record3 an income-tax authority referred to in
section 116 may,—
(a) amend any order passed by it under the
provisions of this Act ;
4[(b) amend any intimation or deemed intimation
under sub-section (1) of section 143.]]
5[(1A) Where any matter6 has been considered and decided in
any proceeding by way of appeal or revision relating to an
order referred to in sub-section (1), the authority passing
such order may, notwithstanding anything contained in any
law for the time being in force, amend the order under that
sub-section in relation to any matter other than the matter
which has been so considered and decided.]
(2) Subject to the other provisions of this section, the
authority concerned—
(a) may make an amendment under sub-section
(1) of its own motion, and
(b) shall make such amendment for rectifying
any such mistake which has been brought to its notice by the
assessee, and where the authority concerned is the 7[***]
8[Commissioner (Appeals)], by the 9[Assessing] Officer also.
Source:
http://law.incometaxindia.gov.in/DIT/File_opener.aspx?page=ITAC&schT=&csId=26661dcf-4f92-49de-9680-252113fcc78d&rdb=sec&yr=d8867f97-7ef9-423c-99df-7ef492ca882f&sec=&sch=rectification&title=Taxmann%20-%20Direct%20Tax%20Laws
Rectification of mistakes.
269N. With a view to rectifying any mistake apparent from
the record, the competent authority may amend any order made
by him under this Chapter at any time before the time for
presenting an appeal against such order has expired, either
on his own motion or on the mistake being brought to his
notice by any person affected by the order :
Source:
http://law.incometaxindia.gov.in/DIT/File_opener.aspx?page=ITAC&schT=&csId=a2d2b41e-8d5c-466e-ad0d-807c3e5fba14&rdb=sec&yr=d8867f97-7ef9-423c-99df-7ef492ca882f&sec=&sch=rectification&title=Taxmann%20-%20Direct%20Tax%20Laws
Is This Answer Correct ? | 2 Yes | 0 No |
the TDS rates and Income rates are equal in calculation of the salary and please send the IT slab rates for the employees and comapnies.
if we mentioned vat 12.5% on bill then we print this bill on retail invoice or vat invoice
dear sir if i dont know the sell bill amount the. client give me 88036 amount cheque this cheque already cut tds 2.065% how will the service tax how i calculate this pls give easy process.
Please explain how to pass entry for VAT setoff and Service Tax Credit?
Dear sir i am a contractor and making a invoice for Rs. 1500000= in which 1200000 for material and 300000 for labour charges how should i make a invoice with material and what will for format of invoice, if i make separate invoice for material and separate for labour charges what service tax and sales tax chaeges will be. and what TDS will party deduct on my bill. pls answer as soon as possible.
Ina earth work excavation and filling work , wct is applicable?
what is the proccesor to caculate the firm assement
Dearlers Margin Received for Direct sale from our Creditor, that TDS deducted for us. How to accounting in my records in Tally ERP 9
IS THERE LIABILITY OF SERVICE TAX IF WE PROCESS CATTLEFEED FOR OTHER PARTY ?
how esic be calculated? On basic salary or earned salary? If i have gave advance salary to an employee in last month then how should i deduct the salary take an example if salary of an employee is Rs. 4750 and i deduct rs. 83 as esic contribution in current month if i've gave 83 in advance in last month then how much money exactly i give him. means esic cut on 4667 or 4750?
what r the deductions from salary ?
Penalty if Advance tax is not paid on time for Individuals and companies?