Wrong item in capital account

This query is : Resolved 

29 March 2015 while making balance sheet of a client i credited capital account with the amt named interest received instead of prior period ajdustment and filled return. Can't We revise the return and correct the name by writing prior period adjustment. Its related to AY 2014-15

29 March 2015 In my opinion you should revise the return.

29 March 2015 Whether ITR for AY 2014-15 has been processed or not?

In case your ITR already processed, there is two possibilities:
1. In case, your revised return consist, any major changes, i.e., increasing the refund, etc. the department might be process your revised return.

2. In case, there is no any major changes, dept may be ignore your return, by way of 'not processing'.

In case, your ITR for AY 2014-15 not processed, then you can file your return freely.





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