Rectification
This query is : Resolved
14 June 2014
i have recd an intimation u/s 143(1) with demand and the demand is ok. and accordingly i have paid the tax with interest and the same shown in the form 26as. now can i file rectification by adding challan. the income tax department still shown demand of the same amount eventhough the same is paying by me.
pls reply as soon as possibel.
thanking u
pls reply as soon as possibel.
thanking u
14 June 2014
After paying the demanded amount, you must to revised your return and upload the same..
after that new 143(1) will be issued with nil demand.
after that new 143(1) will be issued with nil demand.
14 June 2014
yes u can rectify u/s 154 if 4 years havent elapsed....
14 June 2014
thanking u 4 ur prompt reply.
can i revised the return or rectified it u/s 154 with new xml.
can i revised the return or rectified it u/s 154 with new xml.
14 June 2014
dear Mr Tushar
there is no any question of Rectification of Mistake u/s. 154
the party had paid their demand and the question is the online status shown the demand.
so the right way is to revised the return after adding challan..
there is no any question of Rectification of Mistake u/s. 154
the party had paid their demand and the question is the online status shown the demand.
so the right way is to revised the return after adding challan..
14 June 2014
its better once u talk to ur jurisdictional ao regarding this as he may first update it on site and if he doesnt in reasonable time then file rectification petition.
14 June 2014
pls read the language in sec 154 if the error or ommision in the order the rectification still can be filed.
14 June 2014
THANK U MR RINKAL.
1.CAN I HAVE REVISED THE RETURN IF IN ORIGINAL BELATED RETURN FILLED.
2.IN INTIMATION MY DEDUCTION U/S 80TTA IS DISALLOWED BECAUSE OF MY TOTAL INCOME UNDER INCOME FROM OTHER SOURCES IS LESS THAN SAVING INTEREST.
SAVING INTEREST-4098
OTEHR INTEREST-4200
INTEREST PAID-3419
OTHER EXPENSES-3113
HENCE NET IOS IS 1766. MY SOFTWARE SHOWN DEDUCTION U/S 80TTA IS 4098.
IT DEPARTMENT ALLOW INTEREST TO THE EXTENT NET IOS INCOME. NOW CAN IN REVISED RETURN WE CLAIM INTEREST ONLY 1766 AS DEDUCTION AND ADD THE CHALLAN.
PLS REPLY AS SOON AS POSSIBLE
1.CAN I HAVE REVISED THE RETURN IF IN ORIGINAL BELATED RETURN FILLED.
2.IN INTIMATION MY DEDUCTION U/S 80TTA IS DISALLOWED BECAUSE OF MY TOTAL INCOME UNDER INCOME FROM OTHER SOURCES IS LESS THAN SAVING INTEREST.
SAVING INTEREST-4098
OTEHR INTEREST-4200
INTEREST PAID-3419
OTHER EXPENSES-3113
HENCE NET IOS IS 1766. MY SOFTWARE SHOWN DEDUCTION U/S 80TTA IS 4098.
IT DEPARTMENT ALLOW INTEREST TO THE EXTENT NET IOS INCOME. NOW CAN IN REVISED RETURN WE CLAIM INTEREST ONLY 1766 AS DEDUCTION AND ADD THE CHALLAN.
PLS REPLY AS SOON AS POSSIBLE
14 June 2014
u cannot revise return once if it was filed after the due date as per sec 139 (5)
14 June 2014
THANK U TUSHAR
PLS REPLY TO MY 2ND QUESTION
PLS REPLY TO MY 2ND QUESTION
14 June 2014
saving int will be allowed upto 4098 but u cannot file revise return as u had filed original return after due date.
file rectification petition only in this case
file rectification petition only in this case
14 June 2014
right Mr. Tushar
in this case revise return can not possible.
in this case you need to file rectification request and add challan of demanded tax..
Total IOS-4200-3419-3113= NIL income
80TTA-4098
as per my view after completion this procedure, you will get back the amount of tax which you pay...
in this case revise return can not possible.
in this case you need to file rectification request and add challan of demanded tax..
Total IOS-4200-3419-3113= NIL income
80TTA-4098
as per my view after completion this procedure, you will get back the amount of tax which you pay...
14 June 2014
THANX BOTH OF U.
1. WHAT IF I HAVE FILLED ORIGINAL RETURN IN TIME LIMIT.
2. MY SOFTWARE SHOWN IOS 1766 AS INCOME
IOS=4098+4200-3419-3113. AND THE SAME INTEREST SHOWN AS DEDUCTION IN SEC 80TTA I.E 4098 RS.
THEN WHAT IS THE CORRECT AMOUNT OF THE DEDUCTION AND IOS INCOME.
IN RECTIFICATION CAN I UPLOAD CHANGED ITR.
1. WHAT IF I HAVE FILLED ORIGINAL RETURN IN TIME LIMIT.
2. MY SOFTWARE SHOWN IOS 1766 AS INCOME
IOS=4098+4200-3419-3113. AND THE SAME INTEREST SHOWN AS DEDUCTION IN SEC 80TTA I.E 4098 RS.
THEN WHAT IS THE CORRECT AMOUNT OF THE DEDUCTION AND IOS INCOME.
IN RECTIFICATION CAN I UPLOAD CHANGED ITR.
14 June 2014
dont worry payal just file the retcification correctly u will get the amount back.
14 June 2014
if it was filed in time then revised return can be filed within 1 year from the end of rel ay or before completion of assessment.
your cal is correct file 154 rectification.
your cal is correct file 154 rectification.
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