143(1)/154 neccesary


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Querist : Anonymous

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Querist : Anonymous (Querist)
27 March 2014 sir..

is rectifictn is neccesary when there is a diff betn income calculated by assessee and income calculated by income tax dept..??..

but the overall income tax return is nil from dept point of view as well as assesse point of view..

so please reply is it neccesary to revisd it or stay wid my old return..??

thanks in adv pls reply its urgent

27 March 2014 if the overall income tax is not then y to revise or rectify the return...

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 March 2014 BUT SIR THE INCOME COMPUTED BY ME AND INCOME COMPUTED BY DEPARTMENT IS DIFFERNT...THERE IS A DIFFERNCE OF RS.3000 IN THAT..BUT THE OVERALL RETURN IS NIL FRM MY POINT OF AS WEL AS DEPT POINT OF VIEW..

SO SHOULD I STAY WID MY OLD RETURN OR SHOULD RECTIFY IT U/S 154..

PLS REPLY THANKS IN ADV


28 March 2014 then also there will not be any major impact better not to twist it as there is no income tax final payment....else u may get in any unkown trouble....

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 March 2014 OK THANXS SIR SO I AM NT GOING TO REVISD IN NYMORE..

BUT IS IT WIL CREATE NY IMPACT ON MY NEXT YEARS RETURNS..??

28 March 2014 there will not be any impact in this case....so relax....

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 March 2014 SIR IN THIS CASE THEY DISALLOWED MY DEPRECITION OF RS.3000...THE RATE AND CALCUTION IS CORRECT..

SO WHY THEY DISALLOWED IN NY REASON DO U KNW SIR...



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