Steps to rectify income tax return
priyatambika ( ca final student) (323 Points)
16 December 2019priyatambika ( ca final student) (323 Points)
16 December 2019
CA. Umesh kumar
(ca.umesh11@gmail.com)
(1465 Points)
Replied 16 December 2019
Select rectification u/s 139(9), feed original itr ack number and date of filing original return and make changes as per notice in figures
Kapadia Pravin
(17259 Points)
Replied 16 December 2019
CA Arun Tiwari
(Partner)
(5450 Points)
Replied 20 December 2019
You may correct the error through two routes:
Submitting a rectification request under Section 154 of the Income Tax Act or
Filing a revised return under Section 139(5)
You can submit a rectification request after the income tax return is processed or on receiving an Intimation u/s 143(1). You can rectify mistakes apparent from the record.
Further,You can file a revised return under Section 139(5) of the Income Tax Act. Earlier, it was not permitted to file a revised return for returns filed after the due date. However, from April 1, 2017, you can file a revised return even for belated returns. This is applicable for Assessment Year 2017-18 and onwards.
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)