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Query on section 154


29 March 2015 If the department has not corrected or rectified your demand and as per section 154, rectification can be made within 5 years, and the time has elapsed then i want to know whether may such demand rectified or not after completion of 5 years....?

29 March 2015 Within 4 years from end of relevant AY, if AO comes to know that there is mistake Or Within 6 monts from end of month in which assessee has made application for rectification. So,if assessee comes to know that there is mistake in return which is not debatable then he can make application to AO on his own and AO have to rectify it within 6 months. But Assessee can make application within 4 years fron end of relevant AY. For Ex. for AY 2009-10, timelimit is 31-3-2014. i.e.4 years from 31-3-2010.


14 April 2015 No sir, because department sent me notice u/s 245 as on 19th august 2014, i.e. later than 31st march 2014, then how can it possible to make an application to department to rectify the mistake after completing 4 years....?






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