1-Section 154 –“Rectification of errors “
Under this section whose mistakes can be rectified Assessee’s or Assessing Officer’s?
2-What are the consequences of an incomplete income tax return
e.g. if Depreciation is claimed but no detail is provided in return
& Advance tax is deducted in tax liability computation but no detail of challan no. ,bank etc is provided in return.
Dear Nuba,
you can very rectify the mistake u/s 154, even though the mistake is yours.
Naveen Fintech Pvt Ltd
Kolkata
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Getmyca Consultant Pvt Ltd
New Delhi
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MANUJ SHARMA AND COMPANY
Noida
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CCI
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CAclubindia
