Missing in financial statements

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

13 May 2014 Sir in 11-12 we forgot to take one bank ac.in audit report.now v came to knw the ac.in 12-13.should we also revised our return in income tax Dept as this is an NGO having audit.or we can give effect in 12-13 Balance Sheet.if v revise return of I.tax what problems we will face.

Guest

Guest (Expert)

14 May 2014 thats quite a silly type of mistake even when u have audit...

how u had matched your balancesheet without taking a bank account in records... how this is possible........

please avoid this if u r doing accounting on estimate type basis....

Querist : Anonymous

Querist : Anonymous (Querist)

14 May 2014 We are not doing accounting on estimate basis as account was open newly and no such transctions has happened in that account but our B/s has matched kindly tell me for revised return if it was done mannually in income tax dept.

Upgrade to CAclubindia Pro. Subscribe Now!