Question

Section 154 under IT Act is

• A. For filing return of Income
• B. For filing return with late fee
• C. Rectification of mistakes
• D. Appeal against the order passed by the ITO

Hint:

Section 154 of the Income Tax Act allows for the rectification of mistakes in orders passed by the Income Tax Officer.

Answer 1

The Correct Option is C

Step 1: Understanding Section 154 of the IT Act.
Section 154 of the Income Tax Act provides for the rectification of mistakes. If there is an error in the order passed by the Income Tax Officer (ITO), this section allows the rectification of such mistakes.

Step 2: Explanation of Other Options.
- (a) and (b) These options are related to the filing of returns, not rectification of mistakes. - (d) Appeals against the ITO's order are handled under different provisions.

Step 3: Conclusion.
Section 154 deals with the rectification of mistakes made in orders passed by the Income Tax Officer.