Section 154 (mistakes apparent from record)

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 January 2012 Actual:- Income tax liability Rs. 48000/-
TDS Rs. 80000/-

In Income tax Return

Income tax liability showed Rs. 48000/-
TCS (all TDS info entered in TCS column) Rs. 80000/-
Refund claimed Rs. 32000/-

Section 143(1) intimation received on 12 jan 2012 (date of order nov. 2011)
Tax demand of Rs. 50000 ( 48000 income tax + 2000 interest)

Now should i revise the return or move for 154...if 154 is right then how to proceed on line..because online is not much clear.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
Follow

17 January 2012 You should file online rectification application.

For the procedure to file rectification application, go through this rectification manual:

https://www.caclubindia.com/share_files/details.asp?mod_id=42744

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

17 January 2012 The info provided by you is really helpful to me.

Thanks a lot for this great help and the article uploaded by you is really well drafted.

Thanks again

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now