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Ashwini Kalbhor (Tax Practitioner)     25 May 2021

Rectification in ITR

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. 



 11 Replies

veerendar singh

veerendar singh (tax consultant)     25 May 2021

You cant revise return after receiving demand notice
Sivaramaraju G

Sivaramaraju G (Learner)     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.
Sourav

Sourav (Student)     25 May 2021

Rectify the return before 31.5.21
veerendar singh

veerendar singh (tax consultant)     25 May 2021

But he has received demand notice under 154
Ashwini Kalbhor

Ashwini Kalbhor (Tax Practitioner)     26 May 2021

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

CMA Poornima Madhava

CMA Poornima Madhava (CMA)     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

veerendar singh (tax consultant)     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

Ashwini Kalbhor (Tax Practitioner)     26 May 2021

Thank you Ma'am. This Answer I expected .

Ankit Neema

Ankit Neema   30 May 2021

For AY 17-18 you can file the rectification
1 Like
Sourav

Sourav (Student)     30 May 2021

Agree with poornima
Gagan Gupta

Gagan Gupta (Chartered Accountant)     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.

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