Errors in income tax 143(1) intimations

1912 views 2 replies

Hi

Today I checked around 6 intimations u/s 143(1) and found that 2 of them are wrongly calculated. In one of the intimations speculative income is added same as non speculative business income whereas speculative income was only Rs. 300 and raised demand.
In another case speculative loss has been added in non speculative income and increasing the real income.

Please guide me how should I proceed. Which is the better way rectification u/s 154 or a simple email stating facts to CPC, Bengaluru.

Regards.

Replies (2)

there is option for reprocessing the entire case.

There is an option in the e filing wesite for requesting for rectification.

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