Correction of return - urgent

Kindly advise me for the following circumstance:

We have filed a company income tax return for the A Y 11-12 within the due date. The company had been making loss and the same has been c/fd but we had forgotten to claim the tds credit available to the company.Now how do we correct the return without having to file a revised return.Kindly suggest ways how to correct other than filing a revised return.

Thanks in advance

 

Replies (18)
I don't think that there is any other way. But wait for the reply of experts.

Hi Priyanka....

There is another way...you can submit application u/s 154 for rectification of error.

 

Isn't rectification u/s 154 done only after assessment or something?? if ts possible can you please guide me how to proceed to file the rectification.

 

priyanka

i think any claime  can only be possible by filing return of income.there is no other way according to me...,rectification is not possible u/s 154 as   there was no intimation u/s 143(1) or ass. order passed in your case.

 

 

 

Online rectification u/s.154 is not possible, because while doing online rectification we have to mention commmunication reference number of the intimation and date of order of the intimation u/s.143(1).

only the way is you have to revise the return

No order has been passed yet.

If you have Filed the returns with in due date then why dont you take the benifit of filing revised return ??

Are worried it might be called for Scrutiny ???

Yes, Mr.Amit Agarwal question correct?

you can utilise revised return option, if you are filed original return with in due date

Go with Swathi.. just file revised return for the period.

Yes agree with all.

Filing of revised return is the best remedy available in your case. 

Agree with all, return is to be revised.

Also check whether the TDS credit is reflected in your 26AS , if not then take corrective steps to bring the certificates in 26AS

 

 Revised return is the only way too do this so and kindly refer 26AS before filing this time.....

If intimation not received and return filed before due date at that time you may  filed revised return

If return if filed within due date then TDS can be claimed by filing a revised return.

If revised return is not filed till the end the AY then wait for the intimation u/s.143(1) and make an application for rectification u/s.154.

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