Submission of rectification application

Submission of rectification application

In the IT return for the AY 2018-19 I committed a mistake, During the FY 2017-18, I received interest of Rs. 94,266/-, Rs. 9067/- from savings bank accounts and Rs. 85,199/- from Central Government as interest on arrears of pension.

In Schedule OS of IT return for AY 2018-19, instead of entering the two items separately ( in bi and biv, respectively, I entered the entire amount against biv, though in Schedule-VIA Rs. 9067/- was entered correctly, against item r under Section 80TTA.

The CCP processed the return adding Rs. 9067/- and raised demand of Rs. 2800/-

I am facing problem in filing rectification order because I am unable to "download latest utility and generate rectification XML."

Please advise how to "download latest utility and generate rectification XML."

Devendra Narain

Asked 6 years ago in Income Tax

Please guide me step by step.

Asked 6 years ago

You don't need to download the latest utility you just need to download same years utility from income tax website and file your income tax return.

You can go to e filing website and in the offline utilities select the year for which you want to download the utility and then download it.

If you need any help you can also contact me.

You can even reply to the demand notice that income has been provided properly for tax and there is no tax demand separately.

Hope you find the information helpful if you do please rate it 5 and provide your valuable feedback for my improvement.

Thank you

Naman Maloo

CA, Jaipur

4303 Answers

101 Consultations

Talk to Naman Maloo

Hi,

- You need to file the rectification u/s 154 for the A.Y. 2018-19 because return is processed under 143(1).

Thanks

Vivek Kumar Arora

CA, Delhi

Available Now

5008 Answers

1134 Consultations

Talk to Vivek Kumar Arora NOW!

Sir it is better to apply for rectification option. Where you have to choose 'reprocess the return". And then Write a letter addressing to assessing officer of your jurisdiction along with evidence for interest from SB account.

AO will reprocess the return giving you deduction u/s 80tta.

Shrinidhi Rao

CA, Udupi

38 Answers

1 Consultation

Talk to Shrinidhi Rao

Dear Sir,

Hope you are doing well !!

To submit Request for Rectification, please follow the below steps:

Go to My Account and click on "Rectification Request".

Enter PAN, Assessment Year, and Communication Reference Number in the Latest order (either u/s 143(1) or u/s 154). Click on 'Validate'button.

On successful validation, an additional dropdown is displayed for selecting Rectification Request Type.
Taxpayer can select the following options:
- "Taxpayer is correcting data for Tax Credit Mismatch only"
- "Tax Payer is correcting the data in rectification"
- "No further Data Correction required. Reprocess the case"

Select the option

Click on "Submit" button.

On successful validation, the rectification return is uploaded and success message is displayed.

On selecting "Tax Payer is correcting the data in rectification" and "Rectification Reason" the taxpayer is directed to page where following details are displayed if the rectification is due to incorrect data entry in any other schedule in the ITR (entire corrected return data has to be re-submitted):
- Reason you selected
- Schedules Being Changed
- Select and upload the rectification XML file
- Select the type of Digital certificate (If Applicable)

Click on "Submit" button.

On successful validation, the rectification return is uploaded and success message is displayed.

On selecting "No further Data Correction required. Reprocess the case" the following check boxes are provided if the data submitted in ITR is correct, but TDS mismatch has been rectified by Deductor etc:
- Tax Credit Mismatch
- Gender Mismatch
- Tax/Interest Computation