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Home loan interest

This query is : Resolved 
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(Querist)
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
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Pankaj Gandhi Jaiswal

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Pankaj Gandhi Jaiswal (Expert)
05 April 2012 Though you can not revise the return because it is filed late but you can correct it u/s 154
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CA Kishore Tallam

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CA Kishore Tallam (Expert)
05 April 2012 But section 139 prevails over 154. Hence, belated return cannot be revised.
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Rupesh

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Rupesh (Querist)
05 April 2012 This mean I can not rectify u/s 154
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
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.
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