| Question And Answer | |
|---|---|
| Subject: | Application u/s264 |
| Category: | Income-Tax |
| Querist: | RAMAKRISHNA RAO |
| Answered by: | Law Intern |
| Tags: | Revision u/s 264 |
| Date: | January 26, 2026 |
Sir,
I have been asked to file application u/s 264 against my grievance. The portal has no option to file the same.
Since even after adding additional income my tax outflow is nil after 87A.
What if I ignore 264 and don’t file application.
The suggestion to file u/s 264 is more of a procedural nudge. You can ignore it as there is no loss of revenue and no adverse consequences upon you. The only minor benefit is that the record will be corrected. However, if a discrepancy is raised in the future, you can explain it at that stage.
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