Home loan interest
This query is : Resolved
05 April 2012
Respected experts,
I filed my return on 29.03.2012 due date of return was 31.07.2011. But by mistake I have not mention the Home loan interest effect of this is my refund make less. How can I rectify this mistake although I have already submit the return after due date and I can not submit revised return.
regards,
Rupesh
I filed my return on 29.03.2012 due date of return was 31.07.2011. But by mistake I have not mention the Home loan interest effect of this is my refund make less. How can I rectify this mistake although I have already submit the return after due date and I can not submit revised return.
regards,
Rupesh
05 April 2012
Though you can not revise the return because it is filed late but you can correct it u/s 154
05 April 2012
But section 139 prevails over 154. Hence, belated return cannot be revised.
05 April 2012
No you cannot file a rectification application. Rectification is for a mistake apparent from record.
Claiming deduction for interest amounts to making NEW CLAIMS which do not fall within the perview of rectification.
Claiming deduction for interest amounts to making NEW CLAIMS which do not fall within the perview of rectification.
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