I have received a demand notice, i.e. intimation u/s 143, due to mismatch in interest calculation u/s 234B and 234C. Though the mismatch is small around Rs 140 which I have paid it online through e-pay tax on portal and received the challan and an email communication from e-filling team mentioning that the payment is successful . Now what to do hereafter ?? or shall I be Ok with challan assuming everything done. Do I need to file revised ITR or file under rectification ?? Pl clear the confusion.......Regards DA

I have received intimation - sec 143 (1) that shows the mismatch in filing interest under sec 234b & 234c only. All other Tax calculations are OK & Amount of mismatch or difference is small around Rs 200 which I have paid online through e-pay Tax on portal and received the challan copy also. My question is : Do I need to file a revise return or what is the further procedure to follow after getting the challan No. & BSR code ??? .....VK

Greetings, Received Income tax Intimation u/s 143(1) with respect to the return of income filed by for the Assessment year 2022-23 regarding demand notice of payment for sec 234b There was no Advance tax paid for the mentioned period FY 2021-22, And the ITR was filed on 31-12-2023. As such for calculation of 234B, the number of months from Apr 1st 2022 was calculated as 21 and the amount to be paid on the Assessed tax 103600 was calculated as (103600*1%)*21 which was filed as 21,756 But the demand notice mentions the amount as 32,116 (which seems to be calculated as 31 months) Was my calculation of 234B considering 21 months (01-04-2022 -> 31-12-2023) correct, in which case should I ask for a rectification for reprocessing ? Pls Advice. Thanks Verky

Greetings, Received Income tax Intimation u/s 143(1) with respect to the return of income filed by for the Assessment year 2022-23 regarding demand notice of payment for sec 234b There was no Advance tax paid for the mentioned period FY 2021-22, And the ITR was filed on 31-12-2023. As such for calculation of 234B, the number of months from Apr 1st 2022 was calculated as 21 and the amount to be paid on the Assessed tax 103600 was calculated as (103600*1%)*21 which was filed as 21,756/- But the demand notice mentions the amount as 32,116 (which seems to be calculated as 31 months) Was my calculation of 234B considering 21 months (01-04-2022 -> 31-12-2023) correct, in which case should I ask for a rectification for reprocessing ? Pls Advice. Thanks Verky

Sir, on 29/02/2024 I had filed an updated Return for the A.Y. 22-23 by correcting all the data and also paid the additional tax liability with 25% penalty. But now i received a demand notice u/s 156 & that contains only the intimation u/s 143(1). That intimation shows that all tax calculation is ok except interest u/s 234B and so the tax payable arise. what can I do, shall i pay the demand amount or file a rectification for the same. And it has been more than 30 days on receipt of such demand notice.