All about Rectification under Section 154(1)

A rectification request under section 154(1) is allowed by the Income Tax Department for correcting mistakes when there is an apparent mistake in your Income Tax Return.
6 things you must know about filing a rectification under section 154(1) –

• Errors that can be rectified under section 154(1) – An error of fact, an arithmetic mistake, or a small clerical error or error due to overlooking compulsory provisions of law. Some examples are – A mismatch in tax credit, Advance Tax mismatch, gender mentioned incorrectly, or additional details not submitted for capital gains at the time of filing return.
• A rectification can be filed by a Tax Payer or an Income Tax Authority can on its own rectify a mistake which is apparent.
• If upon rectifying a ‘mistake’ there is a change in Income – a rectification should not be filed. In this case one must file a Revised Income Tax Return. In the rectification request no new deductions or exemptions are allowed to be claimed.
• A rectification request can be filed for Returns which are already processed in CPC, Bangalore.
• When the Income Tax Return was filed online – only Online Rectification is allowed.
• Do not use this rectification request for changing bank account or address details of your Income Tax Return.