Answers On Topic: rectification application u/s 154
An assessee had Capital Loss in AY 2023-24 , itr also filed in time, now in AY 2025-26, brought forward loss not reported and accordingly not set off. Can we file rectification of ITR.
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Respected Team, A charitable having regn u/s 12AB filed return for A Y 2024-25 in which to query in General Information whether the provisions of section 13(10) are applicable , wrongly ticked the box yes thereby resulting in tax demand u/s 143(1) from CPC . The provisions of sec 13(10) are not applicable and is a clerical mistake. How to rectify the same. time limit for filing revised return is also over. whether the trust can petition to CIT(E) or to Board Kindly advise.
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The assessee filed application for seeking rectification on the order passed by the AO, rejected for the reason return not filed. Can it be appealed before the CIT...
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My father is an ex- service man, when he retired he received gratuity amount( tax free for govt employees) and he invested it in mutual fund, he also received pension only for 5-6 months, total tax payable as calculated by CA is zero. Due to health issues he could not file the ITR for that year. Now a tax demand notice ( huge sum) has come along with penalty proceedings. Only came to know after my father got call from IT department. How to solve this issue. Earlier also notices were issued but we were not aware as registered email…
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Rectification under Section 154