Help me on this point..!!!
This query is : Resolved
05 February 2009
Q1] If an assessee files a return after due date (Belated u/s 139(4))and forgets to include:
1) Secured loan balances,
2) Deprecation on some of its fixed assets
&
3) TDS available for refund
in its return and he is not liable to pay tax then what will be the consequences as he is not allowed to revise his return?
Q2] Will he be able to claim the Depreciation on assets which were not included in Balance sheet & on which dep was not taken and TDS refund next year?
Q3] Will he be able to show his secured loans next year which were wrongly not included in balance sheet this year?
Please help me....
1) Secured loan balances,
2) Deprecation on some of its fixed assets
&
3) TDS available for refund
in its return and he is not liable to pay tax then what will be the consequences as he is not allowed to revise his return?
Q2] Will he be able to claim the Depreciation on assets which were not included in Balance sheet & on which dep was not taken and TDS refund next year?
Q3] Will he be able to show his secured loans next year which were wrongly not included in balance sheet this year?
Please help me....
06 February 2009
An assessee can filed revised return before the next year of the assessment year or before the assessment. suppose u r filed return for the f/y 2007/08 then , u can filed the revised return before the 31st march,2010.this doesn't matter for which pupose u r file revised return.
06 February 2009
An assessee can filed revised return before the next year of the assessment year or before the assessment. suppose u r filed return for the f/y 2007/08 then , u can filed the revised return before the 31st march,2010.this doesn't matter for which pupose u r file revised return.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- RCM INVOICING FROM NOV-2024
- GST Regis.
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Sale of property furniture sale
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
