IS IT POSSIBLE TO FILE RECTIFICATION RETURN AFTER 6 YEAR (I.E FOR THE AY 2016-17 )
WHAT IS THE PROCEDURE FOR FILING ?
AS PER LAW IT IS 4 YEARS .
PLEASE HELP
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Quick Summary
This discussion clarifies the possibility and procedure for filing a rectification return under Section 154, particularly for Assessment Year 2016-17. While the general rule is a 4-year limit, the content explains that for an intimation order received on May 6th, 2018, a rectification application can be filed until March 31st, 2023, as per sub-section 154(7). The recommended procedure involves submitting an application to the jurisdictional assessing officer.
File rectification before ur Jurisdictional assessing officer, in genuine case i hope ur application will be considered. otherwise if ao reject ur 154 application u may file appeal against the 154 order.
As per sub-sec. 154(7) of the act, the rectification can be made till the expiry of FOUR YAERS FROM THE END OF FINANCIAL YEAR in which the order sought to be amended was passed.
It means you can apply for rectification of the order passed till 31.03.2023.