Rectification u/s 154

This query is : Resolved

deepak gupta (Querist)
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29 May 2012 Advance tax deposited of Rs 100000/- (two challans of 50000/- each) for the AY 2005-06.
No intimation u/s 143(1) is received till now. On inquiring from the department only Tax credit of Rs 50000/- is given insted of Rs One lac and demand of rs 45369/- is outstanding.

Time of rectification u/s 154 is lapsed (as told by I.taxdepartment). Pls suggest any method to claim The credit of balance Rs 50000/-and cancellation of demand.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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29 May 2012 The time limit will be counted from the date on which you receive the demand order or intimation u/s 143(1).

When you receive the same, file a rectification application.

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Rectification u/s 154

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