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About Tax Demand

Tax Demand is raised on a Tax Payer by the IT Department. This happens when as per the IT Department's assessment of a TAX Payer's return , there exists a difference between the total Tax paid by the Tax Payer and Tax Payable as determined By The IT Department. Nowadays The Central Processing Unit of the IT Department is fully automated to identify , generate and dispatch Tax Demand Notices to concerned Tax Payers. Income Tax Demands are raised by the IT Department for various reasons like,

  • A mismatch between the TDS amount as reflected in the 26AS statement of the Tax Payer and TDS claimed in the ITR return filed by him.
  • Erroneous calculation of Interest payable on unpaid Tax Liability by the Tax Payer.
  • Erroneous filing of Challan details pertaining to Advance & Self Assessment Tax in the IT Form
  • Erroneous calculation of Tax Liability.
  • Technical errors owing to mistaken feeding of wrong data By The IT department into the software enabled IT Computer systems. This is particularly true in the cases of those Tax payers who have filed their Tax Return manually.
  • A wrong mention of The Assessment year in the Tax Challan while carrying out the Advance and Self Assessment Tax payment.
  • A wrong Selection of the Tax Payment Head under which the Tax is paid.

The above list is not exhaustive in nature and a Faq'semand notice may be issued by the IT Department on the basis of their evaluation . In case of a client issued with a Tax Demand notice who approaches Wealth4India Tax Experts seeking to engage our services to deal with the issue we identify the genuineness of the Demand's nature , and follow it up with suitable remedial action with the CPC/ Jurisdictional Officer.

Tax Demand FAQ's

Simplified and contrarian approach towards Tax Refund

First the genuineness of the nature of the Tax Demand has to be ascertained. Your first response has to be preferably submitted online with the IT Department on its web site where you have to select the correct option out of the three available options which are Demand is Correct, Demand is partially correct, Disagree with demand.

The Amount accruing under the Tax Demand Notice has to be deposited through TAX Challan no 280 . Carefully enter the Assessment year and The Tax Head ( "Tax On Regular Assessment - Tax Code 400 ) appearing under the Head -Type of Payment.

After submission of the challan a rectification response comprising of Tax Challan details like BSR code , challan serial no, date of Payment and amount of Tax has to be submitted online on the IT Department web site. A transaction ID will be generated which can be utilized to check the status quo of your response.

In these two cases you will have to submit the reasons for exercising these options supported by relevant Documentary evidence.

In case My TAX demand is uploaded on the , IT Web site by the Assessing Officer, what remedial action is to be pursued by me.

Proceed for Tax Demand

Reply your Tax notice with Few Simple Steps

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Why Wealth4India

We are digitally equipped one stop platform for taxation in India.

Authorized by Department of Income Tax, Government of India, as 'e-Return Intermediary'. Our innovative tools gives you a hassle free solutions of tax compliances in India.

Our Well Rehearsed Support Team is Always Spot on in its Designated Lead Role to Provide Scripted as well as Spur of the Moment Guidance, Advise and Updates to our Client Audience on their Tax linked Predicaments.

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