Rectification of mistake u/s 154
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 August 2013
In respect of the Asst.Year 2012-13 , ROI relating to Business Income has been filed in time for an assessee who is covered U/s 44AB. Recently,The assessee is in receipt of the intimation U/s 143(1) for the above ROI.
Unfortunately, certain transactions involving capital gains were not included in the ROI filed for the Asst.Year 2012-13.
Please clarify as to whether should the ROI be rectified U/s 154 or should the ROI be Revised U/s.139(9)?
Unfortunately, certain transactions involving capital gains were not included in the ROI filed for the Asst.Year 2012-13.
Please clarify as to whether should the ROI be rectified U/s 154 or should the ROI be Revised U/s.139(9)?
12 August 2013
Rectification u/s 154 is for a mistake apparent from record.
Omission to include certain income is NOT mistake apparent from record. Accordingly rectification application CANNOT be filed u/s 154.
The assessee has to file a revised return.
Omission to include certain income is NOT mistake apparent from record. Accordingly rectification application CANNOT be filed u/s 154.
The assessee has to file a revised return.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS 194-T applicability
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Putting a heading on received mail
- Consolidated financials
- Reprocessing of rectification order AY 2025-26
- Section 50-fixed asset-->building ceases to exist
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- TDS on TRUST
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
