CHANGE IN TOTAL INCOME- RECTIFICATION U/ S 154
GANGI NAIDU YANAMANDALA (130 Points)
27 April 2021While filing ITR for the FY 2017-18 my client claimed depreciation on computers @ 60% instead of 40% .
He selected wrong code for the nature of budiness(power sector) actually they are doing towers construction work.
Hence the CPC has rejected demand and added back to total income.
Now I am trying to file RECTIFICATION U/s 154 the gross total income has increased by Rs. 11,779 ,but it's showing error and indicates total income should not change.
can we file rectification u/s 154 by increasing the total income?
if yes what's the point we have to select?
thank you