Section 154 of ITA, 1961 : Section 154: Rectification Of Mistake

Explanation using Example

Example Scenario:

Mr. Sharma received an intimation from the Income Tax Department under section 143(1) stating that there was a mismatch in the income reported and the TDS (Tax Deducted at Source) credited. On reviewing his tax return, Mr. Sharma realized that he had made a mistake in entering the TDS amount. He had accidentally entered a lower amount than what was actually deducted by his employer.

Mr. Sharma wrote to the Assessing Officer (AO) requesting a rectification of the mistake. The AO, upo...

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