Interest income not shown in the income tax return
This query is : Resolved
JAYAKUMAR.M.G
(Querist)
25 July 2014
Respected Expert
One of my clients who is a salaried employee filed his return income electronically for FY 2012-13 without considereing the Interest on Fixed Deposit from which Bank deducted TDS @10%.However his income was assessable @20% .How can rectify the mistake when the asseseemnt was completed and he received Intimation u/s 143.
Thanks in advance
One of my clients who is a salaried employee filed his return income electronically for FY 2012-13 without considereing the Interest on Fixed Deposit from which Bank deducted TDS @10%.However his income was assessable @20% .How can rectify the mistake when the asseseemnt was completed and he received Intimation u/s 143.
Thanks in advance
Kailas Mate
(Expert)
25 July 2014
Yes you can do revised u/s 139(5) by using rectification u/s 154
Message likes :
1 times
02 December 2016
Dear Expert Mr.Kailas Mate ji, Revised income tax return is filed u/s 139(5) and not u/s 135(5). Please don't quote wrong advice to clients.
Kailas Mate
(Expert)
03 December 2016
Yes.. Typing Mistake From Me..Thanks
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