28 July 2010
Instead of filing return in ITR 2, form ITR 1 has been filed for AY 09-10 and according interest paid on housing loan could not be claimed. Intimation u/s 143(1) issued and demand of Rs.30K raised. Can return be revised now in ITR 2 and after that rectification appln u/s 154 to be filed or only rectification appl. is sufficient or any other solution?
29 July 2010
If the original return was not filed delayed, then you can file the revised return. In that case, no need to file rectification. If it was a belated return, than 154 is the better option.