Rectification u/s 154
This query is : Resolved
02 April 2011
Respected Experts,
I have filled e-return ITR-5 for AY 10-11, wherein i have claimed refund of Rs.1743, TDS Credit. Now i have received intimation u/s 143 stating that refund Rs.1743+ Interest Rs.77 Tot Rs.1820 as refund payable and the same are fully adjusting against outstanding demand for AY 2007.
As per my records for AY 2007-8 no such demand was raised nor any intimation to such demand was received by us and self assessment tax for AY 2007-8 was duly paid by me.
For rectification u/s 154 what i have to do ? can i use online rectification for above mentioned case
With Regards
Divyesh
I have filled e-return ITR-5 for AY 10-11, wherein i have claimed refund of Rs.1743, TDS Credit. Now i have received intimation u/s 143 stating that refund Rs.1743+ Interest Rs.77 Tot Rs.1820 as refund payable and the same are fully adjusting against outstanding demand for AY 2007.
As per my records for AY 2007-8 no such demand was raised nor any intimation to such demand was received by us and self assessment tax for AY 2007-8 was duly paid by me.
For rectification u/s 154 what i have to do ? can i use online rectification for above mentioned case
With Regards
Divyesh
CA. Krishna K Neeraj
(Expert)
21 April 2011
Please met your AO and ask for intimation for assessment year 2007-08. If there is any demand in that which is due to mistake, Please file rectification U/s 154 with your AO for the assessment year 2007-08.
Thereafter you can claim refund for the assessment year 2010-11
Thereafter you can claim refund for the assessment year 2010-11
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
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Taxation of crypto futures in India Fy 2026- 2027
- Transfer of Physical Stock Between Two Proprietorship Concerns
- MSME disclosure and disallowance
- Issuing of delivery challan by seller of goods
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- EPF ECR NEW RULES Sep 17th 2026
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- 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?
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
