Section 154 of it act.
This query is : Resolved
20 August 2013
Sir/Mam,
For the return filed AY 2012-13, we forgot to give Depreciation Schedule and hence depreciation was Disallowed and We got Intimation U/s 143(1) as demand notice for the extra tax as a result of the Disallownace.
Kindly advice how to rectify the Mistake.
can we request for Rectification u/s 154 as it says only Mistakes apparent from record will be considered for request.
Kindly help and also advice the procedure if any.
Thank you all in advance .....
For the return filed AY 2012-13, we forgot to give Depreciation Schedule and hence depreciation was Disallowed and We got Intimation U/s 143(1) as demand notice for the extra tax as a result of the Disallownace.
Kindly advice how to rectify the Mistake.
can we request for Rectification u/s 154 as it says only Mistakes apparent from record will be considered for request.
Kindly help and also advice the procedure if any.
Thank you all in advance .....
20 August 2013
Dear Pallavi,
Since the return for AY 2012-13 is not yet barred by time and you have got an Intimation u/s 143(1) you can file a Revised Return to rectify your mistake.
Revised Return cannot be filed only if the assessment order has been issued and, the intimation u/s 143(1) is not an assessment order even though it may be a notice of demand. This has been held by SC in ACIT vs Rajesh Jhaveri Stock Brokers P Limited 291 ITR 500
Since the return for AY 2012-13 is not yet barred by time and you have got an Intimation u/s 143(1) you can file a Revised Return to rectify your mistake.
Revised Return cannot be filed only if the assessment order has been issued and, the intimation u/s 143(1) is not an assessment order even though it may be a notice of demand. This has been held by SC in ACIT vs Rajesh Jhaveri Stock Brokers P Limited 291 ITR 500
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Confusion around Form 26QB fields
- RCM INVOICING FROM NOV-2024
- Sale of property furniture sale
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
