Rectification under 154
This query is : Resolved
06 February 2015
An assessee has recieved demand notice for the A.Y 2008-09. Demand is raised agianst assessee because assessee has claimed exemption u/s 24(b) for housing loan interest for self occupied propety, but wrongly disclosed in the column of losses carried forword. Now can assessee file 154 against this mistake. I doubt because it is mistake of assessee not of dept.
Please suggest if anything possible in this case.
Please suggest if anything possible in this case.
CA R SEETHARAMAN
(Expert)
06 February 2015
Assesse has rightly calculated the tax and paid it. Due to error in filing up the form the dept made a mistake in calculation which can be sought to be rectified u/s 154.
06 February 2015
no mistake is not done by dept.if it is mistake of dept then there is no doubt about 154. But it is mistake of assesee
In this case can rectification under 154 possible
In this case can rectification under 154 possible
Rupesh Jain
(Expert)
06 February 2015
yes you can rectified the error...............
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