Income tax for AY 2018-19 has been duly paid by me but there is demand due 4,560 is shown in my account of income tax website. I have never received any notice in this regard. Please advise me, what should I do now?
The description given by you is insufficient but I am trying to answer your question with the available information. There can be two reasons for such demand. This can either be due to a variation between the income you returned and the income determined by the tax department. Or it could be due to less credit of taxes paid on your behalf.
please verify the copy ITR filed by you. There may be an error while submitting your ITR online, which was not clear by you while filing it. Since it is a computerized process, the chances of error in return are much higher than there is a calculation error on the part of Income Tax Department. You can request for information for the above assessment year containing the details of income returned by you and as prescribed by the Income Tax Department.
If there is no difference in the income returned by you and calculated by you then there are high chances of not giving proper credit for TDS and/or advance tax paid by you. This can happen for various reasons. To find out the difference between the tax credit claimed by you and that allowed by the tax department, I would advise you to access your Form No. 26AS online to verify this aspect. I would recommend that you seek the help of a qualified tax professional to help you resolve this issue. I would also advise you to take the help of a professional to file your Income Tax Return (ITR) also.
Balwant Jain is a tax and investment specialist and can be contacted on Twitter at jainbalwant@gmail.com and @jainbalwant.
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