Rectification order received

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This query is : Resolved

Guest

Guest (Querist)

30 August 2011 Dear Friends / Experts,

ABC Firm has got a Rectification Order u/s 154 for AY 2009-10.

Firm filed before the due date for the relevant year.

In the said Order, there is an omission of Depreciation Claim, as the Firm did not fill the Depreciation Schedules and has just filled the final amount in the BP Sch. and as a result, the Order has a Demand of more than Rs.............../-.

Query

How can the Firm proceed now on the above matter after the receipt of Rectification Order U/S 154 for AY 2009-10 ?

Ans : ..................

I shall wait to hear from you.

Thanks.

U S Sharma

U S Sharma (Expert)

30 August 2011 if audit was mandatory for firm, then filed 3CD (copy) has to be enclosed with rectification u/s 154

Guest

Guest (Querist)

31 August 2011 The firm e-filed the return.

Whether the firm can e-file the rectification under section 154, as the rectification order received contains the demand, which is actually not applicable and it is only because of not filling the depreciation schedules. However, the amount was just filled in the BP schedule.

Now, you may suitably advise on the matter to proceed.

U S Sharma

U S Sharma (Expert)

31 August 2011 if the amount was claimed in P/L as expenditure, then only you can get it,

as you told "rectification order received" means you have to move for appeal now.