return process by cpc wrongly

This query is : Resolved

ca rajesh sharma (Querist)
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19 February 2011 ). I file return the A.Y. 2009-10 on dated 09 june 2010. in which my business income amounted to Rs. 140,000/-. As per return filed my income tax liability nil.

But as per intimation issue u/s 143 (1) which show my business income amounted to Rs. 14,00,000 wrongly and hence my total income computed 14,00,000/- and on which my tax liability & interest computed amounted to Rs. 4,15,210/-

i visit jurisdictional income tax department they view the position on their computer, and suggest to sent rectification request u/s 154 to cpc. pl suggest me-
1. where i sent my under sec 154 application. if cpc, than either ordinary post or registered post for proof of post.
2. as 5 month already expire from the date of intimation what is the time limit for submission of application is it 6 month or more?

CA KRISHNA KUMAR DARUKA

CA KRISHNA KUMAR DARUKA (Expert)
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19 February 2011 I think you had typed 14,00,000/- in place of 1,40,000/- while preparing the return. Pl note the following instruction written in the 'Rectification Manual' of IT Department:

"However, there should not be any revision in income figures or new claims since then the rectification request would be rejected or rectification would be delayed. It may be clearly noted that this facility is only for correcting mistakes apparent from record."

In view of above the CPC may not accept your rectification request. You may try once. Nowadays rectification requests are made online.

if the rectification request is not accepted, you may have to go for an appeal.

I would like to have other experts opinion also in this matter.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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19 February 2011 Rectification on e-filed returns has to be e-filed necessarily.
Time limit is 4 years from the end of the financial year in which order sought to be amended was passed.
But file rectification as early as possible because demand to pay tax will come after 30 days of the intimation.

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Guest

Guest (Expert)

20 February 2011 Pl. also read instrcution below the intimation u/s 143(1)