Time limit for applying the rectification under section 154.

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
30 August 2014 Hi all,

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.

Thank you

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.

Avatar

Querist : Anonymous

Profile Image
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.?


30 August 2014 If you file an application u/s 154 then the time limit is 4 years irrespective of the order against which the application is filed



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

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries