Itr wrongly filed

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

08 September 2014 Dear All,

I am handling a case where the income of assessee has been wrongly filed by his accountant in the ITR. His agricultural income has been taken as taxable by mistake although such income is exempt.

Now, he got the letter of demand in Nov,13 for the taking any action within 15 days. He went to his AO, but nobody is taking the matter seriously. He has just filed a letter that the ITR was wrongly filed & he clear the reasons how it should be filed. Now, he has got the letter from Bangalore that please take action under section 154 otherwise it will be taken in adjustments.

Please clarify what steps I should take for this

CA SUNIL K GARG

CA SUNIL K GARG (Expert)
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08 September 2014 you can file rectification u/s 154 with the department

Querist : Anonymous

Querist : Anonymous (Querist)

10 September 2014 This case is of Assessment year 2012-13. And the return was filed manually that time, therefore, the return is not shown online. Return cannot be revised as the time to revise the same has been expired. How can I proceed further? Can I raise the issue when the time has been expired for the same.

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CA SUNIL K GARG

CA SUNIL K GARG (Expert)
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10 September 2014 pls refer to sec 154, as you have recd the demand, it means the intimation u/s 143 (1), has been recd by you. now as per sec 154 , mistake apparent from the record can be rectified u/s 154 and time period is four year. you are not required to file revised return . simple u contact your AO and file the rectification or else u can file the rectification directly online , if the demand is reflected on the website.