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Rectification or revised return

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vaibhav

agent

35 Points Posted on 03 April 2021

Hi There,

I did a mistake in one of a return where I swap the TDS deductor PAN and while processing of return it was processed with a Tax credit mismatch.

So should I need to file a rectification or revised return, please advice.

Regards

Vaibhav

Replies (3)

Quick Summary

This discussion addresses a tax error where the TDS deductor's PAN was swapped, leading to a tax credit mismatch. The user is seeking advice on whether to file a rectification or a revised return. While one suggestion points towards a revised return under condonation of delay with CIT approval, another suggests rectification under section 154 as an 'error apparent on record'.

CA. Sourav Sarkar

Chartered Accountant

16188 Points Posted on 03 April 2021

Yes, you have to first obtain approval from CIT and after giving approval file a revised return under condonation of delay u/s 119(2)(b) by furnishing correct TDS deduction

Kapadia Pravin

10683 Points Posted on 04 April 2021

You may do this by way of rectification route under 154. it is error apparent on record.

vaibhav

agent

35 Points Posted on 06 April 2021

Thanks @ sourav and @ Kapadia Pravin for reply.

I need your help in filling this - can you guys please help in this, as I am confuse between to go for rectification or revised (Also if I go for revision I am not sure how to obtain approval from CIT or where to apply). I will PM you when you guys are free or you can please PM me.