Rectification in ITR

veerendar singh

tax consultant

3306 Points Posted on 25 May 2021

You cant revise return after receiving demand notice

Sivaramaraju G

Learner

2398 Points Posted on 25 May 2021

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.

CA. Sourav Sarkar

Chartered Accountant

24588 Points Posted on 25 May 2021

Rectify the return before 31.5.21

veerendar singh

tax consultant

3306 Points Posted on 25 May 2021

But he has received demand notice under 154

Ashwini Kalbhor

Tax Practitioner

105 Points Posted on 26 May 2021

Rectification can be done after 31.5.21, I have received demand for AY 17-18 .

CMA Poornima Madhava

CMA

13117 Points Posted on 26 May 2021

Originally posted by : Ashwini Kalbhor
	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.

Time limit for rectification u/s 154 is 4 years from the end of the FY in which the order is passed

veerendar singh

tax consultant

3306 Points Posted on 26 May 2021

Section 154 does not give us 4 years for filing rectified return. it gives power to the AO to rectify an assessment.

Ashwini Kalbhor

Tax Practitioner

105 Points Posted on 26 May 2021

Thank you Ma'am. This Answer I expected .

Ankit Neema

2742 Points Posted on 30 May 2021

For AY 17-18 you can file the rectification

CA. Sourav Sarkar

Chartered Accountant

24588 Points Posted on 30 May 2021

Agree with poornima

Gagan Gupta

Chartered Accountant

161 Points Posted on 31 May 2021

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.