Rectification under s 154
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 August 2011
I received an intimation under S 143 (1). When I went through the return I had filed I realised I made a mistake by putting in ( interest on loan for house property) in the column ' Expenses not pertaining to business. I realised that this has added up the profit according to the authorities and as such an intimation to pay tax has ben made by them.
Please tell me if I can rectify this mistake under Sec 154. What is the time limit for sending in the rectification. Please help
Please tell me if I can rectify this mistake under Sec 154. What is the time limit for sending in the rectification. Please help
chetan soni
(Expert)
17 August 2011
You can do so by filling the rectification application.
You can file an rectification upto 4 yrs from the date of intimation u/s 143(1).
You can file an rectification upto 4 yrs from the date of intimation u/s 143(1).
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