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This query is : Resolved

Vivek Agarwal (Querist)
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19 May 2012 At the time of filing return STCL taken as STCG and Exempt income taken as taxable income.Department raised a demand against it, is there any remedy available to rectify the above mistakes.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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21 May 2012 You will have to revise the return.

Vivek Agarwal

Vivek Agarwal (Querist)
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21 May 2012 cant revise the return, time already expired.... any alternative way??????

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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21 May 2012 You can try to file the rectification application. Maybe the department will accept the same.

However, most probably it will be rejected.

But there is no harm in trying. File the rectification application and then wait for the same to be processed.

Vivek Agarwal

Vivek Agarwal (Querist)
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24 May 2012 rectification already rejected by the department.... any other way???????

Vivek Agarwal

Vivek Agarwal (Querist)
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24 May 2012 rectification already rejected by the department.... any other way???????

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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24 May 2012 In that case, there is no option available to the assessee.

You can seek revision u/s 264.

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