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

Nikhil Kaushik (Expert)
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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.

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