Mistake rectification under section 154 of income tax act.

By | 10/06/2018

You are a taxpayer, it doesn’t mean you only make mistakes, sometimes the Income-tax department also makes mistakes.

In this article, we will learn about mistake rectification under section 154 of income tax act.

Before moving ahead:

What is Section 154 of Income Tax Act?

Income tax rectification has executed both ways from the individual (taxpayer) or by the department itself.

The process of rectification under section 154 of the income tax act.

Two ways can be used to rectify the return

  • The Income Tax Department itself send a rectification notice if it finds any discrepancies in the process.
  • The taxpayer should apply and inform the department about the mistake.

Also Read: – Awesome! (5) Easy Ways to “E-verify” Your Income Tax Return.

Type of Errors under section 154 of Income Tax Act

The kind of errors falls u/s 154 during filling income tax return.

  • Error in facts (real true)
  • Arthimatic (calculation mistakes)
  • Advance tax amount difference
  • The difference in amount tax credit
  • Some additional information discloser error
  • Gender error

Step by Step guide of filling rectification form

Step 1: – Log in to Income Tax Website using your login ID.

Step 2: – Move your cursor to ‘efile’ drop down and click rectification mentioned in the red block.

Rectification form

Sep 3: – Select return to being rectified. (Income tax return or Wealth tax return).

return to be rectified

Step 4: – Select an assessment year (dropdown option).

rectification assessment year

Also Read: – How To Check Income Tax refund Status? – Simple steps by step guide.

Step 5: – You will get 4 options

  • Tax credit mismatch correction only.
  • Return data correction (XML)
  • Only reprocess the return
  • Additional information for 234C

rectification type

Step 6: – You must comply the instruction by selecting the options, your rectification falls under.

Step 7: – Click submit.

If the taxpayer applies for the rectification, the assessing officer should either accept or refuse the rectification form within six months from the end of the month in which the rectification is filed.

Also Read:– What is the best money saving idea for salaried employee?

Author Profile

Amit Bansal
Amit Bansal
Hey, Amit Kumar Bansal, the man behind this blog. I always passionate about Taxes, Stock Market. This was one of the reasons why I have chosen the field of account. Blogging was not the coincidence it was a proper decision. The main aim of this blog is to help readers to take an informed financial decision. If you like my efforts kindly subscribe to this blog and also let your friends know about this website by sharing.

One thought on “Mistake rectification under section 154 of income tax act.

  1. Ashutosh kumar

    I went through your posts and what I found in your posts was truly amazing and keep up the good work.
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