The Assesse has efiled the ITR 1 return showing the interest on housing loan paid ( Self occupied) by not putting the negative (-) sign a clerical mistake. The assessing officer assessed the same as positive income and raised the demand by completing the assessment u/s 143 (1) a. On receiving the intimation I have applied for revision u/s 154 stating the facts of the case. But the assessing Officer rejected the petition on the grounds that the rectification leads to reduction of income.Please advise how to rectify the mistake.
Menu
Rectification of mistake u/s 154
Replies (2)
go for appeal, but beforehand, get in touch with any local CA, and get your documents scurtinized by CA, he will advise the merits level of your case.
he Assesse has efiled the ITR 1 return showing the interest on housing loan paid ( Self occupied) by not putting the negative (-) sign a clerical mistake. The assessing officer assessed the same as positive income and raised the demand by completing the assessment u/s 143 (1) a. On receiving the intimation I have applied for revision u/s 154 stating the facts of the case. But the assessing Officer rejected the petition on the grounds that the rectification leads to reduction of income.Please advise how to rectify the mistake.
YOU SHOULD FILE REVISED RETURN U/S 139(5) AND CORRECT THE MISTAKE BY THRIUGH E FILLING .
Recent Topics :
- INCOME TAX
- Moving from old to new tax regime after notice
- Need urgent help on notice
- ITR-3 - F&O Loss adjusted against business inc
- Error - Blank Rows in Schedule SI (ITR-2)
- Dividend from co-operative society
- SECTION 139(10) OF THE COMPANIES ACT, 2013 CASE
- TDS u/s.194C returns filed in ITR-1
- TDS on Property - Form 26QB Related
- Capital gains on sale of flat from wife to husband
Related Topics :
CAclubindia
