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Corrections u/s 154

priyatambika ( ca final student) (323 Points)

27 December 2020

while filling the rectification u/s 154, when option 'salary not matched' is selected, then does it require to fill the whole return freshly or only the automatically selected schedules only ....??

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5 Replies

ayusmita (Tax consultant) (5885 Points)
Replied 27 December 2020

If in notice it asked you then otherwise not
actually in
154 notice you have either accept the notice or disagree with notice if did not agreed then have to give reason why you disagree and summit
and after submission a refference number will generate and sent for processing to cpc Bangalore

priyatambika ( ca final student) (323 Points)
Replied 27 December 2020

Notice is received u/s 10.. and there it is mentioned that less allowances to the extent exempt under sec 10 with no additional tax demand...

Balamurali Unnithan MS (STUDENT) (1631 Points)
Replied 27 December 2020

Then accept & rectify

priyatambika ( ca final student) (323 Points)
Replied 28 December 2020

It was written mistakenly, notice is received u/s 143(1)..

ayusmita (Tax consultant) (5885 Points)
Replied 28 December 2020

When you're income tax return proceed income tax department send you a intimation letter in the form of 143(1) showing the calculation of your and as per there's if no mismatch between two no demand arises if mismatched then they arise a demand

Again if you agree with the demand then pay

If you disagree with them then gives reason and summit then signed and send that to cpc