24 May 2020
Respected experts, Income tax return for the fy 2018-19 has been processed by the cpc and order have been passed. Depptt has sent intimation u/s 245 regarding adjustment of outstanding demand for the ay 2012-13.actually we had filled itr for ay 2012-13 with wrong itr form and depptt had done tax calculation on gross receipts . Exemption of expenses are not given to us as we filled itr 7 instead of itr 5. Before 6 years intimation was uploaded on portal of demand .we have not checked income tax portal for a long period as no paper notice given to us by the deptt . As and when we noticed the intimation which was uploaded by jurisdictional authority we had also replied on portal too. After that since last 4 years we have not received any objection from deptt. Itrs filled for last 5 years have been procesed without any said outstanding demand objection. We were in this belief that deptt has got satisfied,but the deptt has issued us intimation for the adjustment of outstanding demand. Sir I want to know in this regard can I file request for rectification for the ay 2012-13. Please suggest me . Demand amount is very huge. Kindly advise me. I shall be thankful to you. Thanks
24 May 2020
Rectification options not available for such mistakes. Moreover time limit of 4 years also lapsed. Revised return is the right option for such mistakes, but time limit for revision is over long back.
24 May 2020
Try meeting the Assessing Officer of your circle. if the reason is genuine, the department may consider your request favorably on most extreme cases
25 May 2020
Rectification of an order can be made only within 4 years from the end of the financial year in which the order sought to be amended was passed. However, this time limitation shall not apply to cases where amendment is made under Section 155.
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