Rectification in ITR

This discussion clarifies the process for rectifying Income Tax Returns (ITRs), particularly after receiving a demand notice under Section 154 of the Income Tax Act. It's important to distinguish between receiving a notice and an order. If you receive a notice, a written reply to the Assessing Officer explaining the situation is often sufficient. However, if an order has been passed, you may need to file an appeal. The time limit for rectification under Section 154 is generally four years from the end of the financial year in which the order was passed.