17 August 2016
Dear Sir, An Assesse has filed IT Return in A.Y. 2011-12 where in the Return he has wrongly entered the TAN Number of the Deductor and as such IT Deptt. has demanded the TDS amount deducted by that Deductor. Please tell whether it is possible to file rectification u/s. 154 now or if there is any other remedy.
Please suggest as the Assesse is in tension because the TDS amount is quite big.
17 August 2016
Dear Sir, As Per IT IT Act rectification can be done upto 4 years from the end the relevent financial year and that 4 yr has expired and the mistake is from the part of the assesse. So whether ITO would accept the rectification request.
17 August 2016
4 years is not from the A.Y in which return is filed , but from the financial year in which order is passed . So kindly check the date of passing the order and proceed accordingly.
17 August 2016
Dear Sir, The Demand is raised on May'2012, So please tell whether there is any solution as the demand is quite large and the Assesee is very tensed about what to do in this matter.
17 August 2016
So the FY is 2012-13. You can give a rectification request still with the latest CPC No. But why there is too delay? You have to confirm any order is passed recently.
17 August 2016
Dear Sir, The Demand as mentioned earlier is for A.Y. 2011-12 i.e. for F.Y. 2010-11 and the return was done manually in that year. So whether the ITO would now accept the Rectification request.
Please reply as the Assesse is quite tensed in this matter.
19 August 2016
Yes the ITO accept the rectification request, as time limit not expired, available till 31/03/2017. File rectification request manually with AO who raised the demand.
CAclubindia
