Rectification u/s 154 in response to Intimation u/s 143(1)
This query is : Resolved
Arun Kumar Ghosh
(Querist)
16 March 2021
I have received Intimation u/s 143(1) from CPC claiming for additional tax payment. The mistake that I made is under TDS schedule of ITR-2. I have wrongly entered TAN detail of a deductor and hence TDS has not been credited resulting in higher income tax. The intimation mentions rectification is to be made u/s 154.
How to file rectification of my mistake u/s 154. Can it be done online?
Shall I have to revise my ITR-2 and save XML for uploading? I do not however find any provision to revise Return ITR-2 u/s 154.
What is the maximum time limit for submission of rectification u/s 154?
Shall be grateful for any advice from Expert
I have received Intimation u/s 143(1) from CPC claiming for additional tax payment. The mistake that I made is under TDS schedule of ITR-2. I have wrongly entered TAN detail of a deductor and hence TDS has not been credited resulting in higher income tax. The intimation mentions rectification is to be made u/s 154.
How to file rectification of my mistake u/s 154. Can it be done online?
Shall I have to revise my ITR-2 and save XML for uploading? I do not however find any provision to revise Return ITR-2 u/s 154.
What is the maximum time limit for submission of rectification u/s 154?
Shall be grateful for any advice from Expert
CA R SEETHARAMAN
(Expert)
17 March 2021
1 yes, 154 rectification can be done online.
2 No need to revise ITR. Login E filing and file rectification under tax credit mismatch. You need to revise only TDS schedule of ITR.
3 Four years is the time limit from the date of intimation.
2 No need to revise ITR. Login E filing and file rectification under tax credit mismatch. You need to revise only TDS schedule of ITR.
3 Four years is the time limit from the date of intimation.
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