Hello ,
Please tell me at what is the time limit to submit the rectified return in case of receiving demand notice u/s 154 of Income Tax Act.
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Rectification in ITR
Replies (11)
Quick Summary
You cant revise return after receiving demand notice
I think he can file rectification return/revised return after receiving intimation order. after processing return only demand notice will issue. even after processing we can revise the return.
Rectify the return before 31.5.21
But he has received demand notice under 154
Rectification can be done after 31.5.21, I have received demand for AY 17-18 .
| Originally posted by : Ashwini Kalbhor | ||
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Hello , Please tell me at what is the time limit to submit the rectified return in case of receiving demand notice u/s 154 of Income Tax Act. |
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Time limit for rectification u/s 154 is 4 years from the end of the FY in which the order is passed
Section 154 does not give us 4 years for filing rectified return. it gives power to the AO to rectify an assessment.
Thank you Ma'am. This Answer I expected .
For AY 17-18 you can file the rectification
Agree with poornima
Dear Ashwini, in this case you have received only notice u/s 154. there is no need for filing rectified return. you can simply reply through letter to the officer explaining why the rectification should not be made.
however, if assessing officer has passed the order, then you have to file appeal against that order.
however, if assessing officer has passed the order, then you have to file appeal against that order.
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