Section 154

Smita (student) (104 Points)

11 April 2014  

If suppose an individual files Return of Income after Due Date (31st July) with no demand and no refund. After filing his Return of Income he realised that he claimed 80C deduction shortly as compared to his actual investments which resulted in no refund to him. In such case he can not revise his ROI as it is filed after due date.In such a case can an assessee request for Intimation u/s 143(1). If yes, can he rectify his mistake u/s.154? and if no, is there any other remedy so that he claim the deduction u/s80c correctly for getting refund?