SUNAD (ARTICLED ASSISSTANT) 10 July 2012
What is the time limit u/s 154 of rectifying the details provided in the income tax return? In our clients case there is no demand by the department in the intimation issued u/s 143 but we have failed to claim the TDS so can the refund be claimed by filing the rectification?
Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 ) 10 July 2012
You can submit the rectificatiion online www.incometaxindia.com
R RAJAGOPALAN (ADVOCATE) 17 August 2012
If you had filed the return within the normal time limt [as prescribed in S 139(1) of the Income tax Act 1961], you are entitled to file a valid revised returnwithin one year from the end of the relevant Assessment Year.
If your return was filed not within the said time, but belatedly: you may file a revised return, with an application to the concerned Commissioner of Income tax to condone the delay in filing the revised return.
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