Regarding section154
This query is : Resolved
23 November 2013
Q. I had filed my return on time and it had processed on 25/10/2013. But by mistake I had not claim deduction of interest u/s 24. my question is can I go for rectification u/s 154 now. thanks
C P Jha.
C P Jha.
23 November 2013
As you have not claimed the deduction it can not be said as a mistake apparent on records. I would like to revise the return in such a case.
.
.
23 November 2013
Sir, Is there any case law on this? as much as i think Mistake shall be apparent from records shall include this case. further return can not be revised as it is belated return. hence it is better to file application u/s 154.
23 November 2013
Original query -
"I had filed my return on time and it had processed on 25/10/2013. "
.
1. Then it can not be said that the return is belated.
2. When no document is being filed with the return then it can hardly be said that any thing is on record for treating the same as mistake is apparent on records.
"I had filed my return on time and it had processed on 25/10/2013. "
.
1. Then it can not be said that the return is belated.
2. When no document is being filed with the return then it can hardly be said that any thing is on record for treating the same as mistake is apparent on records.
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
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- 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
- Taxation in the hands of Landowner under JDA
- 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
