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Section 154 of Income Tax Act: A step by step guide on how to file a rectification request under section 154 (1) online, things to know before filing a rectification under section 154 (1).
May 19, 2021 · Section 154 of the Income Tax Act is a very important Section and as per this section the assessee or department has a right to rectify any arithmetical error in an assessment order or assessment intimation. Section 154(1A) authorizes the Assessing Officer to give appeal effect.
Income-tax Act, 1961. 31 Record (s) | Page [1 of 4] Compare Act/ SectionNEW. Choose Acts: as amended by Finance Act.
Nov 2, 2023 · Rectification of Mistake Under Section 154 of Income Tax Act, 1961 allows for the correction of errors in official orders and documents, making it a crucial aspect of legal and administrative processes.
May 21, 2024 · Once you file an Income Tax Return, the ITD processes it and sends an intimation. The intimation contains the details of the return you have submitted. In case of a mismatch, section 154 comes into effect. Let's understand the procedure and various aspects related to rectification in detail.
Section 154 of Income Tax Act: Features & Rectification Process. In India, taxpayers may make errors while filing their income tax returns. During assessments, the concerned authority highlights such mistakes from the records. The taxpayers can rectify these errors under section 154 of Income Tax Act of 1961. What Is Section 154 of Income Tax Act?
Sep 12, 2015 · The Clause (a) of Subsection (1) of Section 154 of the Act empowers an Income Tax Authority to rectify any mistake by amending any order passed by it in any other proceedings under the provisions of the Income Tax Act.
