After filing the return of income, the same is processed by the department for verification purpose, where processing is completed by the department considering the information given by the assessee in the return of income. Further, if any discrepancies appear apparent from the record, notice of demand may be issued by the department. The assessee is required to comply with the notice, either he has to make payment of the demand raised or submit rectification for the same. Rectification can be filed manually or online. Income Tax Department has introduced new facility for online submission of rectification request. This facility is available only if you file your return electronically. If there is any mistakes in the return originally filed by the assessee, then first rectify the return submitted and generate the new rectification xml. For filing the rectification online you need to log in. Then go to My Account-> Rectification-> Rectification upload and follow instructions to upload the rectified xml file. The rectification request will be processed at Central Processing Centre (CPC) Bangalore and if found acceptable, then a rectification order u/s154 will be issued. In case of refund if you need to change your Bank Account Number; attachment of a cancelled cheque is required in online rectification request. When an assessee changes Bank Account Number in original data and generates rectified XML file, only provisional rectification request is uploaded. A response sheet will be displayed which is required to be sent along with a cancelled cheque to CPC Bangalore. Only after receipt of this response sheet at CPC Bangalore, the Rectification Request be finally accepted and acknowledgement is generated. We at Taxmantra.com have the expertise in handling issues relating to individual taxation. We at Taxmantra.com provide full year support solving all your tax issues, in addition to filing of your return of income with excellent tax planning. Contact us at “info@taxmantra.comâ€, we are here to help you to solve all your tax issues.
Now File Rectification online with IT Department
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017
After filing the return of income, the same is processed by the department for verification purpose, where processing is completed by the department considering the information given by the assessee in the return of income. Further, if any discrepancies appear apparent from the record, notice of demand may be issued by the department. The assessee is required to comply with the notice, either he has to make payment of the demand raised or submit rectification for the same. Rectification can be filed manually or online. Income Tax Department has introduced new facility for online submission of rectification request. This facility is available only if you file your return electronically. If there is any mistakes in the return originally filed by the assessee, then first rectify the return submitted and generate the new rectification xml. For filing the rectification online you need to log in. Then go to My Account-> Rectification-> Rectification upload and follow instructions to upload the rectified xml file. The rectification request will be processed at Central Processing Centre (CPC) Bangalore and if found acceptable, then a rectification order u/s154 will be issued. In case of refund if you need to change your Bank Account Number; attachment of a cancelled cheque is required in online rectification request. When an assessee changes Bank Account Number in original data and generates rectified XML file, only provisional rectification request is uploaded. A response sheet will be displayed which is required to be sent along with a cancelled cheque to CPC Bangalore. Only after receipt of this response sheet at CPC Bangalore, the Rectification Request be finally accepted and acknowledgement is generated. We at Taxmantra.com have the expertise in handling issues relating to individual taxation. We at Taxmantra.com provide full year support solving all your tax issues, in addition to filing of your return of income with excellent tax planning. Contact us at “info@taxmantra.comâ€, we are here to help you to solve all your tax issues.