WRONG ITR FORM
This query is : Resolved
07 September 2009
Sir
For A Y 2008-09 Mr X having salary income of Rs 600,000 and loss from house property due to interest on self occupied house loan of Rs 50,000 thus net income of 550,000 file form no 1 insteasd of form no 2, since form no 1 does not show the details of loss / income from house property the ITO demanded tax on amount of interest on self occupied house loan of Rs 50,000.
what should be done, should Mr X go for rectification u/s. 154 or file the revised return (the itr was filed on 31.7.2008 i.e. on due date)
pl reply quickly
Regards
For A Y 2008-09 Mr X having salary income of Rs 600,000 and loss from house property due to interest on self occupied house loan of Rs 50,000 thus net income of 550,000 file form no 1 insteasd of form no 2, since form no 1 does not show the details of loss / income from house property the ITO demanded tax on amount of interest on self occupied house loan of Rs 50,000.
what should be done, should Mr X go for rectification u/s. 154 or file the revised return (the itr was filed on 31.7.2008 i.e. on due date)
pl reply quickly
Regards
07 September 2009
YOU CAN FILE REVISE RETURN...
07 September 2009
Agree with expert
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
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Relief u/s Section 89
- Rent lease agreement
- Refund of 20%pre-deposit paid for stay application
- Nomination of Bank for refund in itr 2
- TDS Challan Code
- SALE BILL AGAINST GOODS RETURN
- GST Rate applicable for 0% Food Items sold by an Industrial Caterer
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
