Can rectification u/s 154 be treated as revised return.
This query is : Resolved
20 February 2013
Original Income Tax Return for A Y 2008 - 09 filed within stipulated time on 30/09/2008, erroneously assesse Company did not claim any TDS credit in the return filed . Further no revised return was filed by the assesse company.
In the month of April 2011 it is noticed that assesse company did not claim any TDS credit for A Y 2008 - 09, a written application to give effect for the same is filed u/s 154 with ITO on 26/04/2011.
Can the same application be considered as revised return? if Not, how should i proceed to claim TDS credit for A Y 2008 - 09.
In the month of April 2011 it is noticed that assesse company did not claim any TDS credit for A Y 2008 - 09, a written application to give effect for the same is filed u/s 154 with ITO on 26/04/2011.
Can the same application be considered as revised return? if Not, how should i proceed to claim TDS credit for A Y 2008 - 09.
22 February 2013
The application under section 154 cannot be considered as revised return.
154 application can be disposed off by giving you the credit, as there is no time available to file a revised return in your case.
154 application can be disposed off by giving you the credit, as there is no time available to file a revised return in your case.
22 February 2013
Application u/s 154 can not be treated as revised return but you can file revized return before order passed under this section. If that return get processed u/s 143(1)then you can't claim tds on the basis of 154.
22 February 2013
So should i file a rectification u/s 154 to claim the TDS? is there any reference that i can provide while drafting the letter.
22 February 2013
No simple ask to ito to issue 142 then give fresh computation.
22 February 2013
You should apply before the income tax office under section 155.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Difference between Date of Payment and Date of Deduction?
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Unregistered suppliers utility
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- TODAY INCOME TAX SITE IS NOT WORKING ANY OFFICIAL EXTENSION
- LIC maturity claim whether taxable
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- FCRA 6 E- Intimation
- EXPORT COMMERCIAL INVOICE HSN CODE
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
