154 or revised return

Dipjyoti Majumdar (CA in service & CS. dipmaj@ rediffmail.com )   (3468 Points)

11 January 2014  

Friends

One of our employee filed a physical ITR for AY 12-13, FY 11-12. He claimed donation to Child Rights and You (CRY) @ 100% under 80G. The AO has issued an intimation under 143(1) disallowing the full donation.

We have observed that donation to CRY is entitled to 50% deduction under 80G. So it was an excess claim made in the ITR.

In the case at hand, should the individual file a 154 application or file a revised ITR after paying 50% of demand. I believe a revised ITR can be filed within 31st March 2014 even after an intimation under 143(1).

Regards,