How to file a rectification request in corporate tax?

Purpose of Rectification Request

  • A rectification request is filed to correct mistakes apparent from the record.
  • It is filed under section 154 of the Income-tax Act, 1961.
  • Common issues include incorrect tax calculation, mismatch in TDS, or wrong credit.
  • It is not used for filing revised returns or reassessments.
  • The correction must be factual and visible without detailed investigation.

Eligibility to File Rectification

  • Companies that have received an intimation under section 143(1) or an order under sections 154, 143(3), 147, etc.
  • The rectification request can only be filed for the assessment year in question.
  • Only one active rectification can be filed at a time per assessment year.
  • The error should exist in the processed order or intimation.
  • It can be filed by the company or its authorized representative.

Documents and Information Required

  • Copy of the original intimation or assessment order.
  • Computation sheet showing the correct figures.
  • Tax payment challans, TDS certificates, or income proofs.
  • Digital Signature Certificate for authentication.
  • Justification for each correction claimed in the request.

Steps to File Rectification Request

  • Log in to the income tax e-filing portal with company credentials.
  • Navigate to the rectification request section and select the relevant assessment year.
  • Choose the type of rectification: tax credit mismatch, income correction, or other errors.
  • Enter corrected details and upload supporting documents.
  • Submit the request using a digital signature and retain the acknowledgment.

Post-Submission Process

  • The request is processed by the Centralized Processing Centre.
  • If accepted, a revised order under section 154 is issued.
  • If rejected, the reason for rejection is communicated.
  • No appeal lies against a rejection of rectification, but a fresh request can be filed.
  • Keep track of the status and respond to any further communication.

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