Rectification u/s 154

This query is : Resolved

C.A. HIREN (Querist)
Follow

12 February 2013 Dear Friends,
I have filled ITR-4S but due to typographical error, the profit entered was 11,93,000.00 instead of 1,93,000.00. Then after the CPC assessment they have demanded the Tax. I have filled rectification request online and after that they have issued the order u/s 154 for the confirmed to pay tax. Now, i want to know that what should i have to do? And also specify the time limit to do the procedure after the order date u/s 154.

Thanks in advance.

Nikhil Kaushik

Nikhil Kaushik (Expert)
Follow

12 February 2013 Dear Hiren,

You could have revised your return under 139(5), restating your income as 1,93,000. That would force the CPC to process the revised return.

C.A. HIREN

C.A. HIREN (Querist)
Follow

12 February 2013 Thanks Mr. Nikhil,
But i have not filled the return in time. So they are not processing the revised return.

Nikhil Kaushik

Nikhil Kaushik (Expert)
Follow

12 February 2013 Dear Hiren,

would it be possible for you to share the copy of the return filed, assessment order, the rectification application and the order passed thereafter?

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now