Re: [aaykarbhavan] Please Help: Income Tax Demand

if rectification action not taken within 90 days, you can file sec 264 revision with CIT Yours always V.Ramakrishnan --- On Sat, 6/4/13, Vidya V <viral.vidya@gmail.com> wrote: From: Vidya V <viral.vidya@gmail.com> Subject: [aaykarbhavan] Please Help: Income Tax Demand To: aaykarbhavan@yahoogroups.com Date: Saturday, 6 April, 2013, 5:15 PM   Dear Friends & Professional Colleague, Your Advise and   Guidance needed for my friend who have received Income Tax Demand for Rs. 3,19,800/-.  The details of which is as follows: Assessee have E-Filed Original Return for AY 10-11 on 27-03-2011, Income was wrongly shown as Rs. 11,40,469/-. Assessee have E-Filed a Revised Return for AY 10-11 on 09-04-2011, with Actual Income of Rs. 1,14,469/-. Both the ITR-V of E-Return were sent to Bangalore.  Assessee received confirmation Email for receipt of ITR-V. Now the assessee have received Demand notice for AY 10-11 for payment of Income Tax of Rs. 3,19,800/-. Assessee have filed Rectification for the AY 10-11, for correcting the income at Rs. 1,14,469/-. My Query  1. Is this sufficient or some more precautions have to be taken ? 2. Whether the demand would be cancelled ? 3. Do the assessee needs to send anything to Bangalore ? like Bank Pass Book or any Affidavit for evidence of Income.  Thanks in Anticipation. Awaiting for your Professional support and guidance.

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