Income tax return
This query is : Resolved
CA Chandan Agarwal
(Querist)
16 July 2010
A income tax return for Asst. Year 2008-09 was filed belated on 31.3.2009.By mistake income was computed higher than should be.Intimation u/s 143(1) has been passed by department. Is there any way to assess the return correctly.
16 July 2010
Belated return can't be revised.
There is no way to correct return..
There is no way to correct return..
16 July 2010
Belated Return cannt be revised.
You have the following options:
1. If there is any mistake which is apparent from the records in your Return and the same has also been ignored by Dept, then you can claim Rectification of such mistake U/S 154 of the Act.
2.Appeal
You have the following options:
1. If there is any mistake which is apparent from the records in your Return and the same has also been ignored by Dept, then you can claim Rectification of such mistake U/S 154 of the Act.
2.Appeal
17 July 2010
Dear Mr. Srikant,
Rectification u/s 154 , is when a person has file correct data, but AO has issued Intimation u/s 143(1) without considering any data from that like tds etc.
Second option appeal against what ?
Other Expert's view are solicited.
Rectification u/s 154 , is when a person has file correct data, but AO has issued Intimation u/s 143(1) without considering any data from that like tds etc.
Second option appeal against what ?
Other Expert's view are solicited.
CA V. Mohanakrishnan
(Expert)
20 July 2010
SEc 154 would have been applicable if the return was filed on time and the mistake should have been apparent on record.
this is being a belated return, it would not be required to go into what where the errors or reasons of wrong return of income.
this is being a belated return, it would not be required to go into what where the errors or reasons of wrong return of income.
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