I received a notice under section 245, adjusting the refund against the tax demand of previous Assessment Years. There is mistake in it and I need to send a request for rectification under section 154, please tell me the time limit to apply for rectification for notice under section 245.
30 August 2014
Rectification application u/s 154 can be filed within 4 years from the end of the financial year in which the order sought to be rectified was passed.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
30 August 2014
Thank you sir for your quick response.
But I require time limit for rectification application u/s 154 for the notice under section 245. Or is there any different time limit for notice under section 143(1) and notice under section 245.?