MANAGER - DIRECT & INDIRECT TAXATION
75 Points
Joined May 2011
Sec 154 is as below,
Once you file an income tax return the Income Tax Department processes the return and sends an intimation.
The intimation contains details of the return submitted by you and the numbers that the department has.
If there is a mismatch i.e. a demand or higher refund than what you had claimed in the return you can do the following –
1. File a rectification
2. Agree with the demand and pay the tax.
This way is possible only if sec 154 in invoked else what i suggested is preferable i think