Pls help urgent rectification u/s 154
This query is : Resolved
04 October 2012
My brother filed his income tax return for Ay 2010-11 without including interest on housing loan. But entered the tax payable which is after considering the interest on housing loan. (i.e exact replica of Form 16 data but did not fill the income from house property in ITR). IT Dept has raised a demand for the tax effect on 15/08/2012.Filing of revised return is not possible as the time limit has expired. My query is whether rectification u/s 154 is possible in this case. If yes whether i can file an online rectification u/s 154 or i have to make rectification request to the commissioner of income tax (Appeals????). It is to be noted that my brother filed a rectification earlier and it was rejected without specifying any reasons..
Prakash Kochar
(Expert)
07 October 2012
From return filed, there is no apparent mistake- not covered under rectification. You can submit revision application u/s. 264.
07 October 2012
Thank you prakash ji..i came to know about filing revision petition u/s 264 recently..
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
- EPF ECR NEW FILE SEP 17TH 2026
- Under marginal scheme
- Non filing of I T Returns
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- Oct 2025 Invoices
- TAX AUDIT ON PROFESSIONAL INCOME
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- Import of Software Service.
- Capitalgain tax purposes for valuation report compulsory
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
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
