Don’t Worry if Exemption Claimed in Tax Return Citing Wrong Section or Provision


The typographical error in filling the fields of income tax return is very common.There are so many fields to be filled while filing tax return is natural. So , error in filling wrong provision of the Income Tax Act or some time because of ignorance of law , the tax payer claims the exemption under a wrong provision or section of the Income Tax Act. For example , may be inadvertently , a tax payer may write section 10(38) or even 10(36) for claiming exemption on capital gains on share when actually the fact relates to exemption under section 54 or 54F. So , if such error happens, can assessing officer stick to the point that since a wrong provision has been mentioned in the tax return , he /she will not allow the exemption. I don’t think so .

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