In one of my clients case assessment was u\/s 143(3) was completed and demand was createda sunder :
\nGross tax — 5,53,342
\nEducation Cess — 16,600
\nNet tax — 5,69,942
\nInterest u\/s 234 A — 33,848
\nInterest u\/s 234 B — 97779
\nGross Demand — 7,01,569<\/p>\n
Less : Taxes Paid
\nTDS\/TCS — 46,867
\nAdvance Tax — 1,00,000<\/p>\n
Final Details : <\/p>\n
Total tax and
\nInterest payable — 5,54,702<\/p>\n
The Disputed Tax
\nas per Taxpayer in
\nForm No.1 has been
\nshown amounting to Rs. 5,54,702
\nbut the Designated Authority has taken it Rs. 7,01,569\/- <\/p>\n
QUESTION :
\nWhat will be the amount of disputed Tax ?? <\/p>\n","protected":false},"excerpt":{"rendered":"
In one of my clients case assessment was u\/s 143(3) was completed and demand was createda sunder : Gross tax — 5,53,342 Education Cess — 16,600 Net tax — 5,69,942 Interest u\/s 234 A — 33,848 Interest u\/s 234 B — 97779 Gross Demand — 7,01,569 Less : Taxes Paid TDS\/TCS — 46,867 Advance Tax — 1,00,000 Final Details : Total tax and Interest payable — 5,54,702 The Disputed Tax as per Taxpayer in Form No.1 has been shown amounting to Rs. 5,54,702 but the Designated Authority has taken it Rs. 7,01,569\/- QUESTION : What will be the amount of disputed Tax ??<\/p>\n