Hi,
Could you share the details of the intimation received. That would help in understanding the issue.
Thanks
Damini
Being asked to pay 30% tax instead of 25%
Something weird. My "one person company" received a CPC intimation few months back, asking to pay additional tax . Looking at the figures, it was clear we were being charged @30% instead of 25% . Our turnover is less than 1 crore. So we filed a rectification request. And just an hour back, we received the same CPC intimation asking to pay the additional tax. Basically being asked to pay tax @30%. I am clueless... This is bizarre. Any idea? Concerned. Help me understand this please :-/
Asked 4 years ago in Income Tax
Sir I need to check the rectification order issued to you u/s 154 and the ITR filed by you to guide you further.
You can arrange a phone consultation and we can discuss it in detail.
Hope you find the information helpful if you do please rate it 5 and provide your valuable feedback for my improvement.
Thank you.
Dear sir
I need to view the CPC Intimation & itr filled by then then only I can assist u on that.
u can contact me through phone consultation so that I can guide you on same & solve ur problem.
please rate 5 & provide valuable feedback so that I can improve my answer in future.
Summary of the CPC I have received is below. Gross Total income(As provided by Taxpayer): 16,33,449 Gross Total income(As Computed under section 154): 16,33,449 Tax at normal rates (As provided by Taxpayer): 4,08,362 Tax at normal rates (As Computed under section 154): 4,90,035 And then there's cess and advance tax interest stuff added.
Asked 4 years ago
Dear Sir,
Hope you are doing well !!
Please share the copy of notice with us.
We may assist you in entire procedure.
That's okay this shows that tax has been charged as 30% but I cant tell the reason for it without looking at ITR or order u/s 154.
What did you fill in the turnover column of respective previous year based on which you had opted for 25% tax rate.
Dear sir
the amount u haven given only shows that tax is charged @30%. I need to get the reason for the same for that I need to see ur itr for last 2 years & ur order.
without the above document I will not be able to help u.
we can discuss the same through phone consultation which would be beneficial in ur case.
Please rate 5& provide valuable feedback.
Hello,
I would need a copy of the notice/intimation received.
Regards,
CA Hunny Badlani
We cannot understand the issue without checking your ITRs and the notice. Kindly provide the same for better resolution.
For further understanding, you can contact us directly at or take a phone consultation.
Regards,
CA Hunny Badlani
Please share the documents.
Hi,
Can you please let us know when did you incorporate your company? Also, would like to see your tax return and intimation for better understanding of the situation.
Thank you for replies. So helpful. You guys are awesome! Lakshita, Naman and others. More details below. My One person company was incorporated July 2015. It appears my accountant opted for115BA while filing return. We are into web portal services and earn through online Advertising. We are not into manufacturing. I suppose that means we should NOT opt for 115BA (where date of incorporation becomes important) Q. I suspect if we rectify return and NOT opt for 115BA, we will not be asked to pay 30% and 25% only applies... This is what I am told by a CA now and what my research reveals. To make this 115BA "uncheck" change, should I revise the return and ignore the CPC intimation tax demand(30% tax) (or) Should I file rectification request in response to cpc intimation? Currently I have been advised to revise return.
Asked 4 years ago
Yes revise the return and that will obviously over rule CPC intimation.
YEs, What you have written is absolutely correct. You should not have opt for 115BA. You will have to revise your return now. We can assist you in doing that.
Yes, you should revise the return.
Yes, you should revise the return.
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