25 December 2010
I have E-filled(ITR-2) IT return for A.Y.2010-11 and due to some techical mistake of uploading data House property interest(Loss) shown as carry forward losses and IT department consider it and raised demand notice. Please help me what to do further, whether i have to fill revised return or some other step
25 December 2010
U need to submit all details regarding the interest paid, i.e loan statements and all... Revised return is not at all the solution, rather an opposite action.... But wait, let some expert reply perfectly...
25 December 2010
No, you dont have to file revised return now income tax introduced rectification online so you just login & rectify online ur technical error.For more detail please see incometaxindia webside.
In this case you can never seek any rectification through any letter marked to Income Tax Department. If you have filled the ITR within Due Date then you can revise the same with correct particulars.
But if the same is after due date then it can not be revised, rather you will have to attend the office of the person mentioned in the notice.
As the notice has already reached you, you will have to attend the office of the Income Tax Officer if he finds it as mistake apparent from records (i.e. minor calculation mistake, or any entry mistake) then the same can be revised u/s 154 of the Income Tax Act.
I hope it is clear to you now. http://sites.google.com/site/vipingagneja
CAclubindia
