Wrong itr filed by mistake
Querist : Anonymous
AY 2013-14 & itr processed at cpc with no demand no refund.
Guest
1. the option of revising return is available to the assessee.
2. rectification is filed under 154. There is no need to go for 264 at this stage.
Guest
But can assessee revise the income details in the rectification request??
check that!
And yes if it is belated return, the assessee has no option to avail.
Guest
Ya According to me it can be rectified in section 154.So according to u whats the solution to this problem then.
Guest
Guest
ok.SO no option left.As return is filed nil So very few chances of assesment.
Thanks for updating me.
Income details cannot be revised. Hence even rectification is not an option here!
1. On its own motion
2. on application made by the assessee or the deductor bringing the mistake to the notice of the authority concerned.
Querist : Anonymous
Reflection of TDS credit in Form 26AS is of no proof of income during the relevant assessment year as it is at the option of the assessee to claim credit of TDS on the basis of income offered in return (which is nil in this case). So it doesn't automatically an apparent mistake.
Querist : Anonymous
Alternatively, you can include the relevant income in next assessment year and also claim credit for the same in next year (this however shall be on fact to fact basis and should not be considered as a blanket advice)
Querist : Anonymous
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