Rectification 154 in itd.bose

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Rectification 154 in itd.bose

  1. 1. RECTIFICATION U/s 154 IN ITD Shankar Bose Inspector of Income-tax MSTU, Puri
  2. 2. 154 in ITD• THIS MODULE ALLOWS THE USER TO MAINTAIN THE ENTRIES IN RECTIFICATION REGISTER.• RECTIFICATION CAN BE INITIATED AT THE AO’S OFFICE (BY ASSESSEE OR SUO MOTO)• THERE ARE TWO STEPS IN RECTIFICATION• THE FIRST STEP IS TO “ENTER THE APPLICATION”• SECOND STEP IS TO “PASS RECTIFICATION ORDER”
  3. 3. FIRST STEP (RECTIFICATION APPLICATION)• CLICK ON “AST”• CLICK ON “RECTIFICATION”• CLICK ON “RECTIFICATION APPLICATION”• “RECTIFICATION APPLICATION” WINDOW WILL OPEN• ENTER THE PAN FOR WHICH RECTIFICATION IS TO BE MADE• PRESS TAB• THE CONCERNED AO CODE, NAME AND ADDRESS OF THE ASSESSEE WILL BE DISPLAYED
  4. 4. ENTRY OF RECTIFICATION APPLICATION.• ENTER THE “REFERENCE NUMBER” AND PRESS TAB. ‘REFERENCE NUMBER’ CAN BE THE SERIAL NUMBER GIVEN IN THE “RECTIFICATION REGISTER” MAINTAINED IN THE OFFICE.• ENTER THE “DATE FILED” AND PRESS TAB• THE FINANCIAL YEAR WILL BE DISPLAYED• ENTER THE “ASST YEAR”• SELECT “FILED BY”• IT CAN EITHER BE “SUO MOTO” OR “ASSESSEE”
  5. 5. ENTRY OF RECTIFICATION APPLICATION.• DO NOT FILL UP THE DUE DATE• CLICK ON THE VALID VALUES KEY AND SELECT THE “SECTION”• THE “STATUS” WILL BE “IN PROGRESS” DO NOT CHANGE THIS.• SELECT THE TYPE OF ORDER WHICH HAS TO BE RECTIFIED• SELECT THE “DATE OF ORDER” AND “SECTION”
  6. 6. ENTRY OF RECTIFICATION APPLICATION.• NOW THE “RECEIPT NUMBER” AND “DUE DATE” WILL BE GENERATED AND DISPLAYED IN THE RELEVANT BOXES• IN CASE THE RECTIFICATION IS FILED BY THE ASSESSEE• THEN, AFTER SAVING, ACK CAN BE PRINTED BY CLICKING ON “RECEIPT” WHICH CAN BE SEEN AT THE TOP LEFT CORNER• THIS COMPLETES THE ENTRY OF RECTIFICATION APPLICATION.• CLICK ON “QUIT”.
  7. 7. SECOND STEP (RECTIFICATION ORDER)• IN THE AST SCREEN CLICK ON “RECTIFICATION”• CLICK ON “RECTIFICATION ORDER”• ENTER THE “PAN NUMBER”• ENTER THE “ASST YEAR”• SELECT THE “SECTION”• TYPE ANY RELEVANT INFORMATION IN THE “TEXT” COLUMN• (THIS TEXT WILL APPEAR IN THE ORDER U/S 154)
  8. 8. RECTIFICATION ORDER• SELECT THE “REFERENCE APPEAL NUMBER” “ DATE” AND “SECTION”.• CLICK ON “SAVE”• CLICK ON “ADJUSTMENT AND DEMAND”• THIS WILL TAKE YOU TO THE “PROCESSING U/S 143(1) SCREEN”• IF YOU WANT TO MAKE CORRECTION TO INCOME PARTICULARS• THEN CLICK ON “ADJUSTMENT/ADDITION”• THIS WILL TAKE YOU TO THE “ADJUSTMENT AND ADDITIONS” SCREEN
  9. 9. RECTIFICATION ORDER• CHANGE THE “ADJUSTMENT EXIST” FROM “DO NOT EXIST” TO “EXIST”• MAKE THE ALTERATIONS WHERE EVER NECESSARY – YOU HAVE TO ENTER THE DATA IN SCHEDULE.• CLICK ON “SAVE”• CLICK ON “QUIT”• (NOW YOU WILL BE BACK TO THE “DEMAND PROCESSING” SCREEN
  10. 10. RECTIFICATION ORDER• IF YOU WANT TO CHANGE “TDS” DETAILS CLICK ON “DETAILS” NEXT TO “TDS/TCS”• THIS WILL TAKE YOU TO “TDS ENTRY SCREEN”• IF YOU WANT TO ADD SOME MORE TDS ENTRIES MAKE THE ENTRIES NEXT TO THE ENTRY WHICH IS ALREADY AVAILABLE AND SAVE• IF IT MATCHES WITH THE NSDL THAN YOU CAN GIVE CREDIT
  11. 11. RECTIFICATION ORDER• CLICK ON “QUIT”• NOW YOU WILL BE BACK TO THE “DEMAND PROCESSING” SCREEN• IF YOU WANT TO CHANGE “OTHER PAYMENT” DETAILS CLICK ON “DETAILS” NEXT TO “OTHER PAYMENTS”• THIS WILL TAKE YOU TO “OTHER PAYMENTS SCREEN”• IF YOU WANT TO ADD SOME MORE “ADVANCE TAX” OR “140A” ENTRIES FOLLOW THE STEPS AS IN “RETURN” MODULE / “PROCESSING” MODULE
  12. 12. (NOW YOU WILL BE BACK TO THE “DEMAND PROCESSING” SCREEN CLICK ON “COMPUTE” ↓IF THERE IS A REFUND IF THERE IS A DEMAND OR NIL ↓ ↓CLICK ON “REFUND STATUS” CLICK ON “SAVE” ↓CHANGE IT TO “RELEASED” ↓CLICK ON “SAVE” ↓CLICK ON “REFUND DETAILS” ↓ENTER THE REFUND AMOUNT ↓CLICK ON “SAVE” ↓CLICK ON “QUIT” ↓ ↓ CLICK ON “PRINT RESULTS”
  13. 13. • CLICK “OK” ON THE MESSAGE BOXES THAT APPEAR• NOW THE SYSTEM WILL ASK ABOUT THE SPLIT DEMAND. THIS IS FOR CALCULATING INTEREST U/S 220(2)• IF THE DEMAND IS ENHANCED JUST CLICK ON “OK”• IF THE DEMAND IS REDUCED ENTER THE LATEST DEMAND IN “CURRENT DEMAND SPLIT” COLUMN AND CLICK ON “OK”• CLICK ON “QUIT”• THE STATUS OF 154 APPLICATIONS WILL BE CHANGED FROM “IN PROGRESS” TO “COMPLETED”• CLICK ON “QUIT”
  14. 14. Thanks

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