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Dedeuction

Tax queries 638 views 8 replies

I HAVE FILED AN ITR ON WHICH I HAVE SHOWN WRONGLY DEDUCTION U/S 80CCC RS. 100000/- IN PLACE OF 8OC. NOW ITO HAS ASSESSED MY INCOME WITHOUT CLAIMING DEDUCTION & MY NET TAXABLE INCOME HAS BEEN INCREASED BY RS. 100000/- IN THE INTIMATION RECEIVED U/S. 143(1). THE TIME LIMIT FOR REVISED RETURN HAS ALSO EXPIRED. NOW WHAT TO DO TO CLAIM DEDUCTION. PLEASE HELP.

THANKS IN ADVANCE.

 

Replies (8)

RECTIFIED RETURN U/S 154

Provide a reasonble cause in reply of Notice what u have received.

ASTHIS IS NOT A MISTAKE APPARENT FROM RECORD, HOW CAN I FILE RECTIFICATION U/S.154

 

Rectification of mistake u/s 154 only when mistake apparent from the record an income tax authority.......not assessee.... but u will try to file rectification request u/s 154.

 

IF YOUR FILE HAVE BEEN TRANFERRED FROM BANGALORE CPC TO NEAREST JURICDICTION.....THAN U CONTANT WITH YOUR JURISDICTION.... AND EXPLAIN YOUR PROBLE....

in case you have filed the return before the due date of filing the return u/s 139(1),you can file a revised return u/s 139(5)

Dear Akash ji,

 

In the case mentioned above, you may make an application to the IT Authority for rectification of order u/s 154. Although, the mistake is not apparent from the records, but a material explanation may be made on this behalf (regarding claim of deduction) alongwith the application. The procedure is very much valid.

 

Regards,

Pallav Agarwal

pagarwal.icai @ gmail.com

Dear Akash ji,

 

In the case mentioned above, you may make an application to the IT Authority for rectification of order u/s 154. Although, the mistake is not apparent from the records, but a material explanation may be made on this behalf (regarding claim of deduction) alongwith the application. The procedure is very much valid.

 

Regards,

Pallav Agarwal

pagarwal.icai @ gmail.com


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