Classification of asset into day to day purchase
This query is : Resolved
14 April 2011
Hello..
I want to ask about the mistake committed by an accountant who wrongly classified the purchase of an asset as the normal purchases of the business and the return has also been filed in the month of september 2010 for assessment year 2010-11.
I just want to ask that as they now are known about the mistake they made and want to show the purchase as fixed asset as the reality is.
What is the solution to this problem??
If they need to post a rectification entry and submit a revised return for asst. year 2010-11??
Or there is any other way??
Please suggest.
Thanks
I want to ask about the mistake committed by an accountant who wrongly classified the purchase of an asset as the normal purchases of the business and the return has also been filed in the month of september 2010 for assessment year 2010-11.
I just want to ask that as they now are known about the mistake they made and want to show the purchase as fixed asset as the reality is.
What is the solution to this problem??
If they need to post a rectification entry and submit a revised return for asst. year 2010-11??
Or there is any other way??
Please suggest.
Thanks
16 April 2011
FILE REVISE RETURN
OR RECTIFY MISTAKE IN CURRENT YEAR
OR RECTIFY MISTAKE IN CURRENT YEAR
21 April 2011
thank you for answering my post.
can you let me know the whole procedure as to rectification of this mistake.
Please respond.
Thank you.
can you let me know the whole procedure as to rectification of this mistake.
Please respond.
Thank you.
08 July 2023
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