Rectification return

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CA Practice
107 Points Joined October 2013
If Original return was filed after due date for AY: 2015-16, loss from House property was not disclosed and now the intimation U/S 143(1) is received, Can we file the rectification return disclosing proper house property loss??
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On 27 March 2017 at 17:15 Report
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8 Points Joined June 2016
Revised return can be filed even after intimation u/s 143(1) is issued as same is not considered as an assessment order in the court law through referred to summary assessment
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On 27 March 2017 at 17:36
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CA Practice
3577 Points Joined September 2012
Rectification us 154 can be filed to rectify a mistake apparent from record. It could be a mistake of fact or law. Mistake should be obvious or glaring in nature. From what you have described it does not seem to fit in the definition of mistake apparent from record. Hence claiming loss from house property without originally disclosing it may not be possible by way of rectification.
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On 27 March 2017 at 17:48
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Chartered Accountant
105 Points Joined March 2011

A very few days left.. dont go with experimenting anything.. just file the revised return..

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On 27 March 2017 at 23:12
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CA Practice
107 Points Joined October 2013

Im not able to file the revise return because ORIGINAL RETURN WAS FILED AFTER DUE DATE, is there any other alternative to file the return?

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On 28 March 2017 at 10:16
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Finance Accounts Taxation & Auditing
90 Points Joined September 2016

Please go through pending querries from the home page of income tax site.

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On 28 March 2017 at 10:35
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CA Practice
3577 Points Joined September 2012
In absence of any other option you might as well go for the rectification option. There is no harn in trying as such. Who knows they might grant it.
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On 28 March 2017 at 10:55
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Tax Advocate
212 Points Joined July 2013

when original return is filled after due date loss cannot be deemed in return

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On 28 March 2017 at 12:10
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CA Practice
3577 Points Joined September 2012
That is not the case here as in case of loss from house property and unabsorbed depreciation can be claimed even if return filed after due date.
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On 28 March 2017 at 12:17
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CA - Final
1367 Points Joined September 2009

Since original was filed in time, you can revise the return even after 143(1) intimation.It is not an assessment. 

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On 28 March 2017 at 13:17
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CA Practice
3577 Points Joined September 2012
@ Ajit Read her question carefully
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On 28 March 2017 at 13:21
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CA - Final
1367 Points Joined September 2009

My apologies. I did not read it properly

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On 28 March 2017 at 13:25


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