Get 3 Yrs of CCI Pro Membership at Greater Value. Subscribe Now!

Query in income tax return under section 154

Save Share

Join Us Follow Us Add as Source

This query is : Resolved

Report Query Ask a Query

Guest

Guest (Querist)

19 October 2013 Hi,

Someone may please see the following and if possible, give reply:

Query 1

Assessee company filed ITR before the due date for AY 2010-11 (FYE 310310).

Assessee wrongly filled the TAN details in TDS Schedule of ITR. Consequently, refund is determined less.

As the mistake is apparently known one on seeing the TAN, can the assessee file rectification under Section 154 (for enhancing the refund), as the assessee is yet not lapsed the FOUR years as stipulated in the section.

Please confirm my understanding and further confirm the 'applicability of FOUR years' for the given facts of the Assessee.

Ans : ………………

I request someone to support their replies with any URL or case laws so that I will also go through and improve my understanding.

Thanks in advance for your replies.

@VaibhavJ

@VaibhavJ (Expert)

19 October 2013 Hi

Pl refer: https://myinvestmentideas.com/2013/06/how-to-file-income-tax-rectification-online-for-any-errors-in-itr/

Do revert if you have still any query.

Thanks//VaibhavJ

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now