rectification of errors

This query is : Resolved

neeraj (Querist)
Follow

22 May 2009 dear sir,

During the AY 2007-2008 return of an individual shows the deduction of housing loan interest amounting to Rs.30,000

As the property was SOP and construction started after 1.4.99 and completed within 3 yaers of commencement, celieng limit will be Rs.1,50,000.

Actual interest paid by the asessee was Rs.1,18,000.

what is the procedure for rectification of such mistake U/S 154 of the act.

please reply.

M Prabhakar Menon

M Prabhakar Menon (Expert)
Follow

22 May 2009 If you have received intimation u/s143(1) you will have to file an application u/s 154 in the form of a detailed letter with copies of all supportings and a copy of the 143 (1) order explaining there was a mistake apparent from the record.Alternately a revised return can be filed if 143(1) is not received.