{"id":16985,"date":"2021-04-16T18:23:16","date_gmt":"2021-04-16T12:53:16","guid":{"rendered":"https:\/\/itatonline.org\/digest\/vishwas\/rectification-of-form-1-post-issue-of-form3\/"},"modified":"2021-04-16T20:27:40","modified_gmt":"2021-04-16T14:57:40","slug":"rectification-of-form-1-post-issue-of-form3","status":"publish","type":"vishwas","link":"https:\/\/itatonline.org\/digest\/vishwas\/rectification-of-form-1-post-issue-of-form3\/","title":{"rendered":"Rectification of FORM 1 post issue of FORM3"},"content":{"rendered":"<p>The Company has paid taxes under MAT. Even after accepting the disputed income tax is payable under MAT. While settling the disputed income under Vsv the company inadvertently not filled up Schedule -D and instead fill schedule A with tax liability NIL.<\/p>\n<p>Effectively the as taxes were payable under MAT provision no tax under normal provisions were required to be paid. while merely MATC was required to be reduced. Now DA has issued FORM -3 with a demand.<br \/>\nCan company file a rectification to DA for amendment of FORM-3 ? what are the possible way out of rectification ?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Company has paid taxes under MAT. Even after accepting the disputed income tax is payable under MAT. While settling the disputed income under Vsv the company inadvertently not filled up Schedule -D and instead fill schedule A with tax liability NIL. Effectively the as taxes were payable under MAT provision no tax under normal provisions were required to be paid. while merely MATC was required to be reduced. Now DA has issued FORM -3 with a demand. Can company file a rectification to DA for amendment of FORM-3 ? what are the possible way out of rectification ?<\/p>\n<p><a href=\"https:\/\/itatonline.org\/digest\/vishwas\/rectification-of-form-1-post-issue-of-form3\/\">read more<\/a><\/p>","protected":false},"comment_status":"open","ping_status":"closed","template":"","tags":[],"expertname":[6],"class_list":["post-16985","vishwas","type-vishwas","status-publish","hentry","expertname-dr-k-shivaram-sr-advocate"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/vishwas\/16985","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/vishwas"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/vishwas"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=16985"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=16985"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=16985"},{"taxonomy":"expertname","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/expertname?post=16985"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}