Rectification or Revised Return
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 July 2011
Sir Please answer this query
We had filed a return u/s 139(4) on 05/05/10 for A.Y.09-10.. Also we noticed one mistake after we recd an intimation u/s 143(1).The mistake is as follows: Income shown is -1655117..But the figure shown in balance sheet(correct figure) is -2592122. Is it appropriate to file a revise return or rectification u/s 154. If the answer is filing of revise return ..should we do it online or manually....
The mistake is committed by us..i.e there is a mismatch in the figures quoted for taxability and audited balance sheet... We had booked loss of Rs. 9 lakh lessor than the actual amt..So we are laible for a refund of about Rs. 50000...
Sir pls specify if u need any more details..i wl provide u with the same..
Please Advice..
We had filed a return u/s 139(4) on 05/05/10 for A.Y.09-10.. Also we noticed one mistake after we recd an intimation u/s 143(1).The mistake is as follows: Income shown is -1655117..But the figure shown in balance sheet(correct figure) is -2592122. Is it appropriate to file a revise return or rectification u/s 154. If the answer is filing of revise return ..should we do it online or manually....
The mistake is committed by us..i.e there is a mismatch in the figures quoted for taxability and audited balance sheet... We had booked loss of Rs. 9 lakh lessor than the actual amt..So we are laible for a refund of about Rs. 50000...
Sir pls specify if u need any more details..i wl provide u with the same..
Please Advice..
07 July 2011
Seek rectification under section 154(2)(b) of the Income tax Act,1961.
Message likes :
1 times
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
- Tds on commission charges
- GST ITC REVERSE
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- Need Professional Opinion AY 2012-13 Old Demand
- Withdrawal in cash from partners capital account by partner
- TDS on TRUST
- Renovation exp. in flat by family member
- Consolidated financials
- Regarding Applicability of Tax Audit u/s 44AB
- New GST registration for new place of business.
- Starting trading business
- 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
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- 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
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
Quick Links
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER
Anupam Parashar & Co.
Ghaziabad
CA Final
View Details
22 September 2026
Account Assistant
Chirag P Shah & Co. Chartered Accountant
Pune
B.Com
View Details
08 September 2026
Semi-Qualified Assitant
Subrahmanyam & Sivudu CA Firm
Hyderabad
CA Inter
View Details
ARTICLESHIP
21 September 2026
CA Article Assistant
KK & Company Chartered Accountant
Pune
CA Inter
View Details
CCI
Pro
CAclubindia
