What is rectification?

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I worked for 3 Companies in FY= 2015-2016 and missed to show income from 1 of them. The ITR was processed. Can I rectify the ITR for show this income or now nothing could be done to show the income from the company I missed?

Replies (5)
go as per section 154

Explain Section 154 in detail and procedure to file Rectification.

https://www.incometaxindia.gov.in/Tutorials/36-%20MCQ%20recti%20of%20mistake.pdf
yes u can go for 154 which enable u to rectify the mistake which is apparent from the record.

1) Is the TDS cut on that salary?

2) Intimation u/s 143(1) is not assesment order.

3) You can file revised return  until 31 march 2018 for fy 2015-16 (AY 2016-17). 

4) Fresh tax credit claims can be consumed in Revised return.

5) If you want to show higher income and reduced tax refund it will result in demand from IT dept. 

 

 


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