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

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

HITESH NIRANJAN SAHU

REGIWISE CONSULTANTS PVT LTD

R M Shekhaliya

CA Aakarsh Jain

SUMAN SAHA

Subscribe Now

Section 154 (mistakes apparent from record)

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA