Rectification u/s 154 in response to Intimation u/s 143(1)
This query is : Resolved
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
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.
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
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Eway bill for machinery reparing
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Gift of mutual fund units to daughter
- Not able to file ITR
- Reporting of STCG on Property in ITR
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- Taxation in the hands of Landowner under JDA
- Clarification Required on Business Code for 44ADA
- Under construction property in ITR
- Building tax payment deduction in rental Income
- Foreign inward in ITR
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
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
