WebIncome Tax Department Rectification of mistake. 11 154. 12 [ (1) With a view to rectifying any mistake apparent from the record 13 an income-tax authority referred to in section 116 may,— ( a) amend any order passed by it under the provisions of this Act ; 14 [ ( b) amend any intimation or deemed intimation under sub-section (1) of section 143 ;]] WebMar 25, 2024 · A:Section 154 of the Income Tax Act of 1961 allows you to rectify errors that you might have made while filing your IT returns. However, the errors you can rectify have to fall under categories such as factual error, an error caused due to failure to adhere to legal provisions, arithmetic error, or other minor errors, such as clerical errors.
Sub-letting rental income taxable under ‘income from other sources’
WebJun 14, 2024 · Section 154 of Income Tax Act is used to deal with the correction of any error that may or may not have occurred in the income tax records of a person. It also provides … WebJan 27, 2024 · Section 154 can be Used to Rectify an Order The respective Income-Tax authority may amend any order issued under any part of the Income-Tax Act in order to rectify or correct any mistake apparent from the record. Make amendment to any order which was passed by such authority under respective provisions of Income Tax Act. impact of climate change on russia
ITAT’s Powers to Admit Claim Otherwise than by Revised Return
WebDec 11, 2024 · Section 254 (2) of the Income-tax Act, 1961, empowers the Tribunal to amend any order passed by it under sub-section (1) with a view to rectifying any mistake … WebDec 11, 2024 · Section 254 (2) of the Income-tax Act, 1961, empowers the Tribunal to amend any order passed by it under sub-section (1) with a view to rectifying any mistake apparent from the record at any time within four years from the date of the order. WebOct 21, 2003 · Under the provisions of section 154 there has to be a mistake apparent from the record. In other words, a look at the record must show that there has been an...Section 154 of the Income Tax Act, 1961?” 2. The Revenue is in appeal. The order of assessment was made on 30-3-1990. It was then recti... impact of climate change on nutrition