17 November 2021
We've to submit a rectification request for a company u/s 154. As a clerical mistake, we've ticked the "PREVIOUS YEAR SALE Rs. 400 Crore?" option as YES. So the taxation was on 30%. Now, we've to correct it. But as of now, IT Portal is giving only 3 options- 1. Reprocess of Return, 2. Additional Information for 234C Interest,& 3. Return Data Correction (Offline). Which option do i have to choose? or do I have to wait for sometime for activation of some specific option?
18 November 2021
Sir, I've faced another problem now. As the assessment is complete for FY 19-20, "NO DUE" email has been received in our end. But we've done the above mentioned mistake and we want to rectify it as I've explained earlier. Now, In IT Portal, it's showing that
"Rectification is available only for orders passed by CPC u/s 143(1) read with 154 till Assessment Year 2020-21 and not for other orders passed by Assessing Officers including Appellate Orders. Currently, user will be able to submit rectification request for the following issues Reprocess of Return. Additional Information for 234C Interest. Return Data Correction (Offline). The other options will be made available shortly.
Now, I'm trying to upload the revised xml. But it's not uploading. I'm guessing that as we do not have the 143(1) Notice for AY 20-21 Return of the said company, we're not being able to rectify as of now. Is my understanding correct? if yes, will our case of rectification options will be available in near future as the above mentioned para said?
18 November 2021
If Assessment is complete, you can download the intimation order u/s. 143(1), from the income tax site after login. Or wait for 2/3 days to get the order on your email.