Time limit for applying the rectification under section 154.

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Querist : Anonymous

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

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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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.?

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CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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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

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