| Question And Answer | |
|---|---|
| Subject: | Incorrect return uploaded |
| Category: | Income-Tax |
| Querist: | Manali |
| Answered by: | Advocate Shashi Ashok Bekal |
| Tags: | expenditure, return |
| Date: | February 12, 2023 |
Assessee is charitable trust , registered under sec. 12AA of the Act. For the AY2020-21 filed the Return of income , while filling return of income due to some software issue,deduction for expenditure inccured on the object of the trust were not claimed, however it remained unnotice till the trust received Intimation u/sec. 143(1)(a) with huge demand .
What is remedy available for the trust to correct this and any decision in this context .
Pl guide
You can write to the CBDT explaining the position . CBDT can intimate the CPC for necessary remedial measures . You can wait for scrutiny proceedings and file a revised computation of income and explain the reason for not being able to claim expenditure while filing the return of Income. alternatively, if the claim is bona fide, you can also choose to approach the High Court for Writ remedies.