CHANGE IN TOTAL INCOME- RECTIFICATION U/ S 154

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GANGI NAIDU YANAMANDALA

135 Points Joined April 2017

Dear sir/ madam
While filing ITR for the FY 2017-18 my client claimed depreciation on computers @ 60% instead of 40% .
He selected wrong code for the nature of budiness(power sector) actually they are doing towers construction work.
Hence the CPC has rejected demand and added back to total income.
Now I am trying to file RECTIFICATION U/s 154 the gross total income has increased by Rs. 11,779 ,but it's showing error and indicates total income should not change.

can we file rectification u/s 154 by increasing the total income?
if yes what's the point we have to select?
thank you

Replies (3)

Ayush Chaudhary

25 Points Joined July 2017

Revised return under 154 cannot be filed if it:
1) It changes Income
2) To Claim Chalter VI deduction
You have to talk to your regional Tax dept officer, only he can help you.
Better option is to file a return under sec 264 as it a case of bonafied mistake apparent from the record.

sabyasachi mukherjee

27934 Points Joined May 2017

Mr. Naidu

1. clarify these have u received a notice where the AO has denied to accept your return.
It can be a notice u/sec 143 or notice u/sec 154.
Then either you can respond to the notice.
But as per your query you hv not mentioned about the notice.