16 July 2010
A income tax return for Asst. Year 2008-09 was filed belated on 31.3.2009.By mistake income was computed higher than should be.Intimation u/s 143(1) has been passed by department. Is there any way to assess the return correctly.
You have the following options: 1. If there is any mistake which is apparent from the records in your Return and the same has also been ignored by Dept, then you can claim Rectification of such mistake U/S 154 of the Act.
Rectification u/s 154 , is when a person has file correct data, but AO has issued Intimation u/s 143(1) without considering any data from that like tds etc.
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