Hello ,
Please tell me at what is the time limit to submit the rectified return in case of receiving demand notice u/s 154 of Income Tax Act.
11 Replies
veerendar singh
(tax consultant)
(3301 Points)
Replied 25 May 2021
You cant revise return after receiving demand notice
Sivaramaraju G
(Learner)
(2398 Points)
Replied 25 May 2021
I think he can file rectification return/revised return after receiving intimation order. after processing return only demand notice will issue. even after processing we can revise the return.
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 25 May 2021
Rectify the return before 31.5.21
veerendar singh
(tax consultant)
(3301 Points)
Replied 25 May 2021
But he has received demand notice under 154
Ashwini Kalbhor
(Tax Practitioner)
(105 Points)
Replied 26 May 2021
Rectification can be done after 31.5.21, I have received demand for AY 17-18 .
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 26 May 2021
| Originally posted by : Ashwini Kalbhor | ||
 |
Hello , Please tell me at what is the time limit to submit the rectified return in case of receiving demand notice u/s 154 of Income Tax Act. |
 |
Time limit for rectification u/s 154 is 4 years from the end of the FY in which the order is passed
veerendar singh
(tax consultant)
(3301 Points)
Replied 26 May 2021
Section 154 does not give us 4 years for filing rectified return. it gives power to the AO to rectify an assessment.
Ashwini Kalbhor
(Tax Practitioner)
(105 Points)
Replied 26 May 2021
Thank you Ma'am. This Answer I expected .
Gagan Gupta
(Chartered Accountant)
(161 Points)
Replied 31 May 2021
Dear Ashwini, in this case you have received only notice u/s 154. there is no need for filing rectified return. you can simply reply through letter to the officer explaining why the rectification should not be made.
however, if assessing officer has passed the order, then you have to file appeal against that order.
however, if assessing officer has passed the order, then you have to file appeal against that order.
Recent Topics
- Clarity regarding Sec 16(4)
- GST ON HOTEL ROOMS details
- Relief for Delayed Filing of Tax Forms
- Expire stock
- INCOME TAX AY 25-26
- Experienced CA firm for accounting & auditing
- Regarding Perquisite Tax on ESOP - Unlisted Compan
- Casual Taxable Person under GST
- Extended Date of GSTR-1 for the month of July 2020
- NRO Interest - Taxed at source and in Foreign Coun
Related Threads
CAclubindia
