Section 154 under IT Act is
Show Hint
- For filing return of Income
- For filing return with late fee
- Rectification of mistakes
- Appeal against the order passed by the ITO
The Correct Option is C
Solution and Explanation
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.
Top Questions on Income Tax Law and Accounts
- Read the given statements and choose the correct option.
Statement 1: Under the Income-tax Act, 1961, a deduction equal to 30% of the annual value is allowed while computing income from house property.
Statement 2: Where the property has been acquired or constructed with borrowed capital, the maximum deduction for interest payable on such capital is capped at ₹2,00,000, subject to conditions.- AIBE - 2025
- Legal Studies
- Income Tax Law and Accounts
- Under Section 24(a) of the Income-tax Act, 1961, what percentage of the annual value of an income from house property is allowed as a standard deduction?
- AIBE - 2025
- Legal Studies
- Income Tax Law and Accounts
Match List-I with List-II:
\[\begin{array}{|l|l|} \hline \textbf{List-I} & \textbf{List-II} \\ \hline \text{(A) Sale of jewelry} & \text{(I) Income from Salary} \\ \hline \text{(B) Pension from former employer} & \text{(II) Capital gain/loss} \\ \hline \text{(C) Salary received from a partnership firm} & \text{(III) Income from other sources} \\ \hline \text{(D) Income from sub-letting of property} & \text{(IV) Profits and gains from business or profession} \\ \hline \end{array}\]
- CUET (PG) - 2025
- Commerce
- Income Tax Law and Accounts
- \(\textbf{Match List-I with List-II:}\)
\[\begin{array}{|l|l|} \hline \textbf{List-I} & \textbf{List-II} \\ \hline \text{(A) Deposit in Sukanya Samriddhi Account} & \text{(I) 80E} \\ \hline \text{(B) Interest on loan for higher education} & \text{(II) 80D} \\ \hline \text{(C) Preventive health checkup} & \text{(III) 80GG} \\ \hline \text{(D) Rent paid for accommodation} & \text{(IV) 80C} \\ \hline \end{array}\]
- CUET (PG) - 2025
- Commerce
- Income Tax Law and Accounts
- Which of the following statements is incorrect?
- CUET (PG) - 2025
- Commerce
- Income Tax Law and Accounts
Questions Asked in AIBE exam
- The grounds for decree for dissolution of marriage under Section 2 of the Dissolution of Muslim Marriages Act, 1939 are:
I. whereabouts of the husband have not been known for two years.
II. husband has been sentenced to imprisonment for a period of five years.
III. husband has failed to perform marital obligations for two years without reasonable cause.
IV. husband has neglected or failed to maintain his wife for one year.
Select the correct answer.- AIBE - 2025
- Family Laws
- A Statement is followed by two Conclusions, I and II.
Statement: According to the Child and Adolescent Labour (Prohibition and Regulation) Act, 1986, the Government credits ₹15,000 to the Rehabilitation Fund for each child or adolescent for whom fine has been recovered from the employer. This amount may be deposited or invested, and the interest is also payable to the child or adolescent.
Conclusions:
I. The child or adolescent is entitled not only to the credited amount but also to the interest accrued on it.
II. The Government is not required to deposit any money other than what is collected as fines from the employer.
Which one is correct?- AIBE - 2025
- Labour & Industrial Law
- Consider the following statements about Article 32 of the Constitution and select the correct answer:
I. The Article is silent about the locus standi regarding who may approach the Court.
II. The Article is silent about the opposite party against whom relief may be granted.
III. The Article creates scope for even a sixth type of writ.- AIBE - 2025
- Constitutional Laws
- If a bailiff executes an eviction based on a civil court order later declared void for lack of jurisdiction, what protection does Section 78 of the Indian Penal Code provide?
- AIBE - 2025
- Indian Penal Code (IPC)
- Under Section 290(1) of Bharatiya Nagarik Suraksha Sanhita, 2023, within how many days from the date of framing of charge can an accused file an application for plea bargaining?
- AIBE - 2025
- Bharatiya Nagarik Suraksha Sanhita (BNSS)