Hi Friends,
Please help on the following case: One of my client has filed return of Income for Assessment year 2007-08 within the due date of filing his return. The main source of income is salary. He had taken a housing loan and is paying the installments. The same has been mentioned in Form 16 also. But while filing the return of income, the tax consultant has not taken the interest in to the consideration. But all the fields have been filled properly. The return was filed manually. So the tax payable and return was copied from the Form 16. But my client did not check the return as on the first cover everything was fine. Now the department has issued notice to pay the tax. There is no chance to revise the return nor can I file rectification as it is time barred.
Is there any way so that the delay can be condoned?
CAclubindia
