Rectification u/s 154

Tax queries 178 views 1 replies

Jayesh NP

Tax Practitioner

181 Points Joined May 2010

Can rectification u/s 154 file after the the expiry of 4 years. In my case there was an outstanding demand of Rs.31000(sec code 143 1 a) for AY 2008-09. It is comes to notice only after receiving the refund adjustment letter for AY 2016-17. As per the return filed for the AY 2008-09 there was a refund of Rs.2000. Please advise me in this regard

Replies (1)

CA Aman kesharwani

Practice

159 Points Joined January 2010

Dear Jayesh,

If your Refund was geniune for the A.Y. 2008-09 then first find the reason for demand generated U/s 143(1). After that you can request AO to rectify the matter and process your Refund.

Regards

CA Aman Kesharwani