I e-filed my IT Return for the financial year 2009-2010 in July 2010. In the original e-form my gross total income was wrongly stated as Rs.729279 and total tax payable Rs.1,29,190. However, my actual gross total income for the said financial year was Rs.1,61,848 (according to Form16 provided by my employer) which is non-taxable. This came to my notice only 2 days back when I received a letter of intimation U/S 143(1) by post from the Income Tax Department asking me to pay a total amount of Rs.1,48,692 as tax.
Please suggest me as to how I can rectify the e-filing -- should I go for revised e-filing or seek rectification under section 154 by filing an application electronically for rectification to CPC (I am not aware of the steps for doing this).
Thanks in advance.
CAclubindia
