As mentioned above, only on some specific grounds rectification is requested. These grounds are normally termed as “mistake apparent from records”. If we interpret the phrase in a layman language we can develop an understanding that those mistakes can be rectified which are traceable from documentary records. These records are normally the supportings based on which we filed our ITR such as form 16, income statements, deduction proofs, notifications or pronouncements made by IT department etc. Till date law has not prescribed any list. But professionals could conclude some pointers such as:
The following orders can be rectified on request or on discretion of income tax officer as per section 154
“Return processed at CPC can only be Rectified. Even if it is a belated return.”
You can easily raise online request for rectification by following the simple series of steps as under.
A. Login to www.incometaxindiaefiling.gov.in
B. From the drop down “Efile” select “Rectification”
C. Mention the credentials asked like
Income Tax Return / Wealth Tax Return
D. Select the rectification request type
There are three subcategories you can choose from
By selecting this options you can make multiple corrections (Maximum of 10 sub categories at a time) in Income Tax amount, TDS (Tax Deduction at source) amount and TCS (Tax Collection at source) amount you specified in Income Tax Return.
Choose maximum upto 4 reasons and schedules for which you are requesting rectification. You need to upload xml for the changes desired.
Through choosing this option you can request to reconsider the areas of Tax credit mismatch or Tax/ Interest Computation. No xml to be uploaded in this case.
E. Click on submit below the screen. Next select OK on pop up asking for confirmation that your TDS entries are in sync with 26AS
F. A reference number is generated followed by successful submission of request.
Generation of reference number ensures successful submission of your rectification request with the IT Authorities. Order under section 154 will be received by you, after the request is successfully accepted.
In nutshell, Rectification of income tax return gives you and income tax officer the same right to make corrections in return. You can seek corrections even after 4 years from the end of financial year (from receiving of order / intimation sought to be rectified).
Ans. Assessee can file for rectification within 4 years from the date of order that sought to be rectified.
Ans. Taxpayer can file his Revise Return within the time limit to rectify the error in return.
Ans. Taxpayer can withdraw the rectification request within the end of the day of request.
Ans. It can be done by Login into the income tax site and select the income tax credit mismatch and fill in the details to apply for rectification.
Ans. It can be done by just filing a Revise Return within the time limit.
Ans.Yes, appeal can be filed against rectification order.
Ans.You can file rectification under section 154 of the Income Tax Act,1961 and provide the concern to income tax authorities.
Ans. If you have received less refund, then while processing of return,income tax department may have some outstanding demand which is initimated through intimation under 143(1). To review this login to your income tax portal> My Account>Tax credit mismatch. If you agree, then select agree and if not you have to provide reasons for the same.
Ans. Communication reference no. can traced by “requesting for intimation” by logging into Income Tax site.
Ans. Tax Demand can be paid via Challan 280. This challan can be filled online from TIN-NSDL website and demand can be paid via online banking / debit card etc.
Ans. Rectification can made upto 4 years from the end of financial year in which order sought to be rectified was passed.
Ans. Sometimes there may be a mistake in any order passed by the Assessing Officer. In such a situation, mistake which is apparent from the record can be rectified under section 154.
Ans. Rectification can be file online after makinga login on your income tax india e-filing account.For the step by step porcess please refer above.
Ans. Revised return can be filed before completion of assessment or before the end of the respective assessment year whichever is earlier. However, rectification can be filed after processing of return or after receiving intimation u/s 143(1)upto 4 years.
Ans. Yes, appeal can be filed against the intimation u/s 143 (1).
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