Rectification under Section 154 of Income Tax Act

Originally published at: Rectification under Section 154 of Income Tax Act | Learn by Quicko

As part of the return filing process, the Income Tax Department processes an ITR and sends intimation u/s 143(1) to the taxpayer. Intimation u/s 143(1) matches the data as per ITR filed by the taxpayer with the calculations computed by the Income Tax Department. In the case of a mismatch, the taxpayer has an option…

Hi @emmy

As part of the return filing process, the Income Tax Department processes an ITR and sends intimation u/s 143(1) to the taxpayer. Intimation u/s 143(1) matches the data as per ITR filed by the taxpayer with the calculations computed by the Income Tax Department. In the case of a mismatch, you have an option to file rectification under Section 154 of the Income Tax Act.

If there is a change in income, you should file a Revised Return u/s 139(5) instead of rectification u/s 154.

Hope this helps!

Hi I have submitted rectification request for Reprocessing my ITR as there was tax credit mismatch. CPC received on 6th April 2021, rectification submitted on 9th April 2021. Kindly advise how much time it will take my ITR rectification to get processed, I received the rectification submission acknowledgment but not getting the rectification completion timeline from anywhere. Because of this my Homeloan got stuck with loan appraiser and he wants the rectification to be completed.
Please help.
Thank You :pray:t2:

Hi @Sikander_Javeed

As per the instructions, the tax department should respond to the rectification application within 6 months from the date of filing the application.

You will get an Order u/s 154 once the Rectification is processed. To view the status of your e-filed Rectification, log in and go to ‘My Account’ → ‘Rectification status’.

Thanks a lot Laxmi Ji :+1:t2: