Case AQ - What to do for Tax outstanding below 10 Rs ? Posted by - Rahul Kumar - Gmail Hi Sir, I need you help related to previous assessment year 2013-2014. Last year I had filled my return through tax spanner. Interest received on saving account was 2,866 which i mentioned in income from other source and same mentioned in 80TTA but XML copy of ITR was uploaded with an error.This caused the Deduction under section 80TTA not to be taken into consideration, hence resulting in tax payable. I was not aware of this error until march of this year. I received the notice from income tax department in November,2013 and had submitted 300 tax demand via net banking same year. details of which is below PART C – Details of Tax Paid (other than TDS or TCS)Sr. No. Major Head3 Minor Head2 Tax Surcharge Education Cess Others Total Tax BSR Code Date of Deposit Challan Serial Remarks*Number1 0021 400 291.00 0.00 9.00 0.00 300.00 0510308 44946 Now before filling ITR for this year, I Verified outstanding tax demand which is still showing Rs. 6 ( see attached screen shoot ) Since those 300 should not have paid instead a rectification request should have been opened. Please I do want further trouble in my returns. Request you to please guide me how to resolve these issues before filling fresh return for this assessment year 2014-2015. Thanks, Rahul Kumar Solution - By Amlan Dear Rahul, Any tax demand below 10 Rs is not required to be met ...also , last year tax demand and present year filing are separate issues The present year AY 2014 15 is independent of return filed for AY 2013 14 You should have filed a rectification like you said Now that you missed it , its okay ...just forget it and if you wanna be completely safe , go ahead and make the 6 rs payment using challan 280 for AY 2013 14 using challan 280 ...(i mean its just 6 Rs ) but if you wanna do it correctly , which i wont advise in your case seeing the magnitude of the amount , it would be filing a rectification which you have already rightly observed ! Peace , Amlan
Posted on: Fri, 11 Jul 2014 09:49:11 +0000
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