What is rectification?

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. 

 

 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details
Company
Featured 29 October 2026
Accounts Executive

Synergy Keystone

Chennai

B.Com

View Details
Company
16 October 2026
CA article trainee

Zerdi & Co. Chartered Accountants

Pune

CA Inter

View Details
Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details
Company
ARTICLESHIP 20 October 2026
CA ARTICLE

AMKN & CO

Noida

CA Inter

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details
Company
23 October 2026
Sr. Accountant

SANKARAN & KRISHNAN

New Delhi

B.Com

View Details