Rectification of belated return

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Neha Kaushik (Querist)
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14 November 2014 An Assessee filed a belated return for the AY 2013-14 on 29/03/2014 in which he forgot to claim deduction u/s 80C for Rs.1 lakh. Consequently, on 24/07/2014 he received intimation u/s 143(1) in which demand was raised and on 21/09/2014 notice of demand u/s 156 was received to pay the differential tax amount within 30 days.

Kindly let me know what are the available options to drop the tax demand and claim the refund due as belated return cannot be revised.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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14 November 2014 given that the error is not a mistake apparent from records, you cannot even file 154 application for this. so just approach the jurisdictional AO alongwith the documents to evidence 80c deductions.

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CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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14 November 2014 No option available to drop the tax demand.

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