Can we file rectification ITR to add interest income which is not included in original ITR.
No scope to file revised can we do rectification to the original ITR?
Original ITR is processed with no defects later got notice for High value transaction of interest 50k is not included.
please suggest
3 Replies
Ankit Neema
(2742 Points)
Replied 08 April 2021
A rectification request can be filed only for returns which are already processed in CPC, Bangalore. If on rectifying a ‘mistake’ there is a change in Income – a rectification should not be filed. In this case, a Revised Income Tax Return should be filed.
Kapadia Pravin
(17259 Points)
Replied 09 April 2021
Rectification application can not be filed. You take jurisdictional CIT aproval to file revised return ,
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 11 April 2021
Rectification ITR cannot be filed, approval from CIT should be taken for condonation of delay u/s 119(2)(b)
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