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INCOME TAX RETURN RECTIFICATION SERVICES WHAT IS RECTIFICATION?
Once you file an income tax return the Income Tax Department processes the return and sends an intimation.
The intimation contains details of the return submitted by you and the numbers that the department has.
Rectification is an option given to you by the Income Tax Department for correcting a mistake apparent from record in your Income Tax Return.
You need to submit a rectification request if there is any mistake apparent from record in your tax return notified to you in an intimation issued u/s 143(1)
by the CPC or an order passed u/s 154 by your AO.
Rectification under Section 154(1)
Once you file an income tax return the Income Tax Department processes the return and sends an intimation.
The intimation contains details of the return submitted by you and the numbers that the department has.
If there is a mismatch i.e. a demand or higher refund than what you had claimed in the return you can do the following –
File a rectification request Agree with the demand and pay the tax. What Errors can be corrected by filing a Rectification?
A rectification request under section 154(1) is allowed by the Income Tax Department for correcting
mistakes when there is an apparent mistake in your Income Tax Return.
The following errors can be taken care of by filing a rectification – An error of fact An arithmetic mistake A small clerical error An error due to overlooking compulsory provisions of law.
Here are some examples of these errors are –
A mismatch in tax credit Advance tax mismatch gender mentioned incorrectly additional details not submitted for capital gains at the time of filing return
Do not use rectification request for changing bank account or address details of your Income Tax Return.
If you require to rectify INCOME TAX RETURN FILING related Services or ITRs Experts anywhere, You can write to us at - financeandtaxes@yahoo.com.
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