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Rectification u/s 154 (Income Tax)

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( Author )
09 March 2013

What is the meaning of Rectification U/s 154 of income tax act

Please explain me in simple language.


Dintakurthi Tirumala

( Expert )
09 March 2013

It means correction of data of mistakes made in the return filled by us at the time of filing of return of income. As well as it also required for the processing correction by the department.

OM SAI SRI SAI JAI JAI SAI


Dintakurthi Tirumala

( Expert )
09 March 2013

For example while filing of income we forget to claim TDS related to such return filed assessment and also fail to fill schedule TDS then we can file 154(1) rectification by correcting of our mistake.

Another example if we properly filled all the date and claimed TDS etc... properly but while processing by the Department didn't allowed TDS credit to use then also you can file 154(1) rectification with the request of re-process of return and allow TDS credit.

OM SAI SRI SAI JAI JAI SAI


CA Mukesh Jain S

( Expert )
09 March 2013

Just to add on Sec 154 is for correction of any mistakes or omissions which can be apparent from the records.

Further it doesnt cover the matters which involve change of opinions or matters where 2 opinions can be possible.

Sec 154 can be applied by the assessee or a AO to rectify a ITR or a assessment order.


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