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 Aadhar PAN linking required for opening bank account?
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Where to show the RCM on Rent paid to unregistered landlord
- Applicability
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- RCM - commercial rent paid to URP under GST
- TDS NUMBER SURRENDER
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Offsetting interest income against derivative trading losses
- Application of 115BAC
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- 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 Resignation by Auditor from Pvt. Ltd.
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
