Decrease of income in rectification return

I want to decrease my income by filing rectification return

We have a chance to made or not?

Here filing of orginal return is made after due date and orginal return is proceed by cpc

And another doubt is

My client is filed income tax return and it processed by CPC and it raised demand of Rs 3000 my client is not ready to pay

Can I file rectification return by decrease the income or not?

Demand raised because of House property loss is first set of LTCG and then STCG as per software and as per CPC order house property loss is first set off with STCG and then LTCG

Orginal return filed after due date

Please suggest me

Replies (2)

" Can I file rectification return by decrease the income or not?       On paper, decreasing income in rectication u/s. 154 ..... NO.

Practically anything possible.  But it can be costlier affair as the case may be transferred to AO.............Following up....

Thank you sir for your suggestions

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details
Company
28 August 2026
Audit Manager

K A R M & CO

Mumbai

CMA

View Details
Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details
Company
25 August 2026
Senior Accountant

MG Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 24 August 2026
Article Assistant

M/s.S.G.Salecha & Co.

Mumbai

CA Inter

View Details
Company
Featured 19 August 2026
Chartered Accountant

apricus india

Pune

CA

View Details
Company
ARTICLESHIP 26 August 2026
Article Assistant

ANIVESH CONSULTANTS LLP

Gurgaon

CA Inter

View Details
Company
21 August 2026
Finance Manager

Resollect Technologies Pvt Ltd

Mumbai

CA

View Details