Rectification for wrong deduction of house loan interest
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 August 2014
For the financial year 2010-11 & 2011-12 , I wrongly availed interest deduction for house loan being the pre-construction period , where as the house was completed in 2012-13. Income tax return has been submitted and assessment order received. How can i rectify the mistake/return and refund the excess tax rebate. I have also submitted return for FY 2012-13 & 2013-14 where I have correctly claimed deduction for the relevant FY. Now how to rectify the old mistake for 2010-11 & 2011-12.
Nikhil Kaushik
(Expert)
12 August 2014
1. the problem is that it is not a mistake apparent from record. So rectification persay is not the solution in this.
2. Though not ideal, I would suggest that you leave it as it is.
2. Though not ideal, I would suggest that you leave it as it is.
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