Hai,
I filed a income tax return of retired employee who is pensioner and author of books. So, for this he shall get exemption u/s 80 QQB upto 3,00,000. Accordingly we claimed exemption. But , IT depatment did not consider 80 QQB and calculated tax accordingly we get lower refund.
After that we filed 154 rectification of return online. After some days we got rectifiaction order and that also they did not consider exemption of 80 QQB. details as follows.
Reasons for Rectification:
During the processing of the return under section 143(1), details of deductions ( including sub-schedule 80 G etc) under chapter VI A not properly filled OR deduction under section 80IA/IB/IC were claimed after due date of filing of returns, however during the rectification the same has not been corrected by the assessee. The Assessee is advised to us the software utility available on the website of incometaxefiling.gov.in for entering and uploading the online rectification application.
now what is the solution ?
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