Rectification of return
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 June 2012
I had Filed A return but by mistakenly forget to Claim Depreciation What is procedure for rectification u/s 154
Return was filed on time one year from now & was filed electronically
Return was filed on time one year from now & was filed electronically
13 June 2012
You should file a revised return.
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Querist : Anonymous
Querist :
Anonymous
(Querist)
13 June 2012
can i opt for rectification u/s 154 rather than revised return
what are disadvanstages of it
what are disadvanstages of it
13 June 2012
You cannot opt for rectification.
Rectificatio is for mistake apparent from record.
Failure to claim depreciation does not amount to mistake apparent from record.
If you claim depreciation in the rectification application, it amounts to making fresh claim, which is not allowed u/s 154.
Accordingly, you will have to file a revised return.
Rectificatio is for mistake apparent from record.
Failure to claim depreciation does not amount to mistake apparent from record.
If you claim depreciation in the rectification application, it amounts to making fresh claim, which is not allowed u/s 154.
Accordingly, you will have to file a revised return.
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