Income Tax Portal Introduces Direct Filing of Rectification Applications u/s 154 with the AO

The Income Tax Department has introduced a new facility for direct filing of rectification applications under Section 154 of the Income Tax Act, 1961. Taxpayers can now file such applications directly with the Assessing Officer (AO) through the income tax portal, simplifying the process. Previously, rectification applications had to be filed online with the Income Tax Department, and taxpayers had to wait for approval before further action was taken. This new initiative is expected to reduce delays and improve the efficiency of the rectification process. The move aims to provide taxpayers with a more transparent and streamlined process for correcting errors in their returns, particularly with regard to mistakes in tax calculations or procedural issues. Taxpayers are encouraged to make use of this facility to address any discrepancies in their tax returns.