Rectification or revised return

367 views
User Avatar

agent
20 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

0 Reply Share Follow
On 03 April 2021 at 15:14 Report
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'.

User Avatar

Chartered Accountant
24588 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
1 Reply
On 03 April 2021 at 17:22
User Avatar

17269 Points Posted on 04 April 2021
You may do this by way of rectification route under 154. it is error apparent on record.
2 Reply
On 04 April 2021 at 10:18
User Avatar

agent
20 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.
 

Reply
On 06 April 2021 at 04:15

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Can we get registered for MCA if we get a Virtual
  2. DONATION PAYMENT REG
  3. GST IDS Refund – Statement 01A: Invoice Not
  4. TDS deposit code & TDS return
  5. AIS VS GST Mismatch- FY 2025-26
  6. Gross total income
  7. Export Compliance
  8. Sale of plots in open land
  9. Income tax query
  10. Best CA Inter coaching in laxmi nagar

More recent discussions | Post

Related Topics :

Loading