Rectification or Revised Return

you already filed your return late under section 139(4).  Belated return cannot be revised and there is no other provision except to revise the return. this cannot be rectified u/s 154 as this is not a case of mistake apparent from records.

further you can not carry forward the loss when return is not filed in time given u/s 139(1).

I advise you to post this query in expert section.

But i think mistake is an arithmetical error.. The income shown under balance sheet is Rs.9 lakh lessor than the actual figure... Hence we are liable for a refund of Rs.50000... We also recd an intimation u/s 143(1). The figure quoted in the balance sheet in the return shows 9 lakh more than the income shown under PGBP..Pls advice

then you can requst for rectification u/s 154. Revised return is not possible

Mrs. Freny Rashid Chenai v. ACED [1973] 90 ITR 31 (AP).

(Taxmann’s Direct Taxes Manual, Vol. 3.)

The mistakes that can be rectified under section 154, are those which are ‘apparent from the record’ and not merely the arithmetical/clerical errors. There can be no doubt that a clerical or an arithmetical error would amount to a mistake apparent from the record. It is immaterial as to how the mistake occurred, or who was responsible for it. A mistake apparent from the record is a mistake that is manifest, plain or obvious, a mistake that can be realised without a debate or dissertation. A mistake which can be discovered by a process of elucidation or argument or a debate, cannot be considered to be a mistake apparent from the record. The scope of the expression ‘mistake apparent from the record’ is much wider than the expression ‘mistake apparent on the face of the record’.

So you can go for 154. Because, its purely Mistake upon which two views are not possible... So apply for 154.. :)

Is rectification u/s 143(1)and 154(2)(b) possible for 2 different mistakes for the same assessee..or we can compile the same through one rectification

Originally posted by : Shweta
	Is rectification u/s 143(1)and 154(2)(b) possible for 2 different mistakes for the same assessee..or we can compile the same through one rectification

Sec 143(1) is of Intimation and not of Rectification...

You can apply for rectification u/s 154 of that Intimation by producing your Accounts....

You can apply for numerous mistake in one application... And in case, if you forgot to mention any one, you can again apply for rectification of  that rectified Intimation during 4 years from the date of that first rectification...

thk u Ashish sir and Arvind sir for ur answers

any time friend.....

what are the meaning of given below coding while filing online return www.incometaxfilling: pls explain what to fill

Hi

I wonder how they have carried out correction of mistake u/s 143(1). Mistake of wrong posting should be corrected in S 143(1).

I hope this is a mistake of wrong posting which can be corrected u/s 154.

Kaushal

https://taxbykk.blogspot.com/

belated return cannot be revised... and also you cannot carry forward of losses... just meet ITO and take suggestion..i think there is no option ....

means you have to fill the amount which was mention in the serial no. 31, 36 in your intimation copy.
 

I filed a return on 10/08/2013 in which I wrongly mentioned TAN No. of other company in TDS Section. Now I realised that TAN no. has been mistakenly entered of other company. Please advise can I request for rectification u/s 154?

Hi,

Could anyone please tell me that while rectifying a return in excel utility what should I fill under these columns???  The original return was filed before due date.

1. Return filed under section ?   Before due date, after due date or revised return 

2. Whether Original or revised return ? 

Thanks in advance

Nupur