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Section 154 (mistakes apparent from record)

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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)
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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

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