Rectification of order u/s. 143(1)

Dear all,

I have received order u/s. 143(1) for the return e filled by me which was filed u/s. 44AF for F.Y.  2009-10.

In the return, it was as under:

Sales -  100

GP -        12

Exp -        3

NP -          9

But in order made u/s. 143(1), exp was taken as '0' and then NP became - 12. It was the mistake of a software while preparing xml file. Now I want to rectify the same but I found on the net that if total income is changed in the order then rectification of the same will be rejected. Now pls suggest what should I do?

Also tell me what is the time limit within which rectification must be filed?

Thanx in advance.

Replies (1)

In your case it is not a mistake. The income calculated u/s 44AF is 5% of gross receipts or higher amount if disclosed by assessee. Hence you disclosed GP at Rs. 12/- so your income is taken at Rs. 12/- and further no expense is allowed.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured ARTICLESHIP 06 October 2026
Semi Qualified

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details
Company
23 October 2026
Sr. Accountant

SANKARAN & KRISHNAN

New Delhi

B.Com

View Details
Company
12 October 2026
Chartered Accountant - Internal Audit

HKC | Chartered Accountants & Business Advisors

Ludhiana

CA

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 23 October 2026
Articled Trainee

J Y & CO

Hyderabad

CA Inter

View Details
Company
26 September 2026
Chartered Accountant

pushpganga ventures

Pune

CA

View Details