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Querist : Anonymous
Querist :
Anonymous
(Querist)
18 April 2013
I have filed returns in ITR 1 for AY 12-13 on 18th April 2013 but failed to take credit of TDS on Bank interest but have included the bank interest in GTI . so now what can I do to claim the TDS.
19 April 2013
As you have late filed Return you can not revise the return.
So best course of action for you would be to Apply for rectification u/s 154.
So best course of action for you would be to Apply for rectification u/s 154.
Message likes :
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Querist : Anonymous
Querist :
Anonymous
(Querist)
24 April 2013
How can I Apply for Rectification u/s 154
02 August 2024
Applying for rectification under Section 154 of the Income Tax Act is a process to correct errors or mistakes in your Income Tax Return (ITR) or assessment order. Here’s a step-by-step guide on how to apply for rectification:
### **1. Understand Section 154**
**Section 154** deals with the rectification of mistakes in the assessment order. It allows for correction of errors that are apparent from the records. These errors could be:
- **Arithmetical Mistakes**
- **Errors in Computation**
- **Incorrect Application of Law**
### **2. Determine Eligibility for Rectification**
Rectification can be filed for:
- **Errors in the Tax Computation:** Incorrect calculation of tax, TDS credit, etc.
- **Inclusion/Exclusion of Income:** Incorrectly included or excluded income.
- **Incorrect Adjustment of Tax Credit:** Errors in TDS or advance tax credits.
### **3. Gather Necessary Documents**
Before applying for rectification, ensure you have:
- **Original Assessment Order:** Copy of the original order where the error occurred.
- **Proof of Error:** Documents and evidence supporting the claim that an error was made.
- **Corrected Data:** Details of the correct information or calculation.
### **4. File Rectification Online**
#### **For Income Tax Return Filed Online:**
1. **Login to Income Tax e-Filing Portal:**
- Visit the [Income Tax e-Filing Portal](https://www.incometax.gov.in/).
- Login using your PAN and password.
2. **Go to the 'e-File' Tab:**
- Select "Rectification" from the drop-down menu under the “e-File” tab.
3. **Select the Type of Rectification:**
- Choose the appropriate rectification type (e.g., `Claiming Refund`, `Adjustment of Tax Credit`, etc.).
4. **Provide Details:**
- **Assessment Year:** Enter the assessment year for which rectification is required.
- **Type of Rectification:** Select from the options provided based on the nature of the error.
- **Details of Error:** Provide a detailed explanation of the mistake and the correction needed.
5. **Upload Supporting Documents:**
- Attach any relevant documents that support your rectification request.
6. **Submit the Request:**
- After entering all required details and uploading documents, submit the rectification request.
#### **For Income Tax Return Filed Manually:**
1. **Prepare a Rectification Application:**
- Write a letter addressing the Income Tax Officer (ITO) explaining the error and providing correct details.
- Attach supporting documents and a copy of the original return.
2. **Submit the Application:**
- Submit the rectification request in person or by post to the relevant Income Tax Office (ITO) handling your case.
### **5. Follow Up**
- **Track Status:** Keep track of the status of your rectification request on the Income Tax e-Filing portal.
- **Additional Information:** The Income Tax Department may request additional information or documents, so be prepared to provide them promptly.
### **6. Rectification Timeline**
Rectification applications should be filed within 4 years from the end of the relevant assessment year. For example, for the assessment year 2018-19, rectification should be filed by March 31, 2023.
### **Summary**
1. **Login to the Income Tax e-Filing portal.**
2. **Navigate to the 'Rectification' section.**
3. **Fill in the necessary details and select the type of rectification.**
4. **Upload supporting documents and submit the request.**
If you have any uncertainties or complex cases, consider consulting a tax professional or chartered accountant for guidance tailored to your specific situation.
### **1. Understand Section 154**
**Section 154** deals with the rectification of mistakes in the assessment order. It allows for correction of errors that are apparent from the records. These errors could be:
- **Arithmetical Mistakes**
- **Errors in Computation**
- **Incorrect Application of Law**
### **2. Determine Eligibility for Rectification**
Rectification can be filed for:
- **Errors in the Tax Computation:** Incorrect calculation of tax, TDS credit, etc.
- **Inclusion/Exclusion of Income:** Incorrectly included or excluded income.
- **Incorrect Adjustment of Tax Credit:** Errors in TDS or advance tax credits.
### **3. Gather Necessary Documents**
Before applying for rectification, ensure you have:
- **Original Assessment Order:** Copy of the original order where the error occurred.
- **Proof of Error:** Documents and evidence supporting the claim that an error was made.
- **Corrected Data:** Details of the correct information or calculation.
### **4. File Rectification Online**
#### **For Income Tax Return Filed Online:**
1. **Login to Income Tax e-Filing Portal:**
- Visit the [Income Tax e-Filing Portal](https://www.incometax.gov.in/).
- Login using your PAN and password.
2. **Go to the 'e-File' Tab:**
- Select "Rectification" from the drop-down menu under the “e-File” tab.
3. **Select the Type of Rectification:**
- Choose the appropriate rectification type (e.g., `Claiming Refund`, `Adjustment of Tax Credit`, etc.).
4. **Provide Details:**
- **Assessment Year:** Enter the assessment year for which rectification is required.
- **Type of Rectification:** Select from the options provided based on the nature of the error.
- **Details of Error:** Provide a detailed explanation of the mistake and the correction needed.
5. **Upload Supporting Documents:**
- Attach any relevant documents that support your rectification request.
6. **Submit the Request:**
- After entering all required details and uploading documents, submit the rectification request.
#### **For Income Tax Return Filed Manually:**
1. **Prepare a Rectification Application:**
- Write a letter addressing the Income Tax Officer (ITO) explaining the error and providing correct details.
- Attach supporting documents and a copy of the original return.
2. **Submit the Application:**
- Submit the rectification request in person or by post to the relevant Income Tax Office (ITO) handling your case.
### **5. Follow Up**
- **Track Status:** Keep track of the status of your rectification request on the Income Tax e-Filing portal.
- **Additional Information:** The Income Tax Department may request additional information or documents, so be prepared to provide them promptly.
### **6. Rectification Timeline**
Rectification applications should be filed within 4 years from the end of the relevant assessment year. For example, for the assessment year 2018-19, rectification should be filed by March 31, 2023.
### **Summary**
1. **Login to the Income Tax e-Filing portal.**
2. **Navigate to the 'Rectification' section.**
3. **Fill in the necessary details and select the type of rectification.**
4. **Upload supporting documents and submit the request.**
If you have any uncertainties or complex cases, consider consulting a tax professional or chartered accountant for guidance tailored to your specific situation.
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