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.
To include the above Capital Gains,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.
To include the above Capital Gains,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
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- Treatment of Pension ?annuity returns on PMVY
- TAN for Partnership
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- Tax liability on income of freelancer
- Loan by Partnership Firm
- TDS related Query_Liquidated Damages
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
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
