Mistake in mentioning tan of 2 deductors for ay 12-13

Hello All,

It is humbly requested to provide proper advice on my situation, explained below:

I have filed ITR-1 on 14-06-12 for AY 12-13 (before end date), and after one year from filing ITR-1, I recently received intimitation under 143(1) that demand is determined.

I closely looked at my own case and found that in my ITR-1, I should have mentioned 2 TAN of my deductors (as I have worked in 2 companies in that FY), mistake from my end was that I added the total income of both the deductors and filed with total dax deducted against the name of my latest employer.

I corrected the mistake by going onto the online tax filing website-->Went to My account section--> Raised a rectification request --> now added both the TAN of two deductors --> submitted it. Now my questions are as follows:

1) Will the income tax deptt. understand and automatically correct the data and send me a new correct intimation under 143(1)?

2) Do I need to ask for rectification order under sec.154? If I do this then will the IT deptt. consider my already made rectification request and send new IT calc. intimation.

3) Is the rectification order under sec.154, a final order of demand/refund? and after this no change is possible in IT calc.?

Thanks in advance,

Mayank

Replies (1)

HI Myank!

Firstly will receive an intimation for the return retecify under section 154 of the act, but it may take time. Till then u may receive an demand from the department . 

if u receive any such demand at that time a letter is to be addressed to concern AO  enclosing the acknowledgement copy of retification ,mentioning that u have already filed an retification.

U will not get order of retification as u have filed suo moto. nevertheless u will receive an intmation.

Thank you

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