dheeraj kumar (student) 17 March 2017
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
Dhirajlal Rambhia (KVO Merau Kutchh) 17 March 2017
" 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....