[aaykarbhavan] RETURNED INCOME DOUBLED IN INTIMATION U/s 143(1) RECEIVED FROM CPC

Mr. A filed his return of Income ( ITR 4 ) of AY 2014-15 showing Rs. 4,00,000/- as  Income from Business covered under Section 44AD using IT Computation programme of 'WINMAN' during last week of June 2014. The particulars of Gross receipts , expenses & net income was also shown in the space provided for entering particulars of "Accounts not maintained cases". He had agriculural income also in addition to business Income. The Taxable  Income and Income tax due against the same was shown correctly in the ITR - V received .

 But in the Intimation under Section 143(1) received few days back, the Income from business is shown as Rs. 8,00,000/- ( double the amount returned ) and balance tax is demanded . Anybody has any idea about the problem occured . Your valid opinion regarding further steps to be taken regarding rectification is requested.

ktmandco

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Posted by: ktmandco@yahoo.com

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