Cpc arrears

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

08 August 2012 I hv recd an arrears from cpc. the return was filed at presumptive rate. the A.Y. was 2009-10.how to recify the same, if asked to correct the schedule BP with depreciation.

Taxguy

Taxguy (Expert)
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12 August 2012 Your question is not clear.
My understanding of the problem faced by you is that you have taxed twice for the presumptive income. If that is correct. Then in schedule BP, you should show income in row 1 and reduce the same in row 4(as income under section 44AD,AE,etc.) Then add that income in schedule BP under relevant portion in Schedule BP. Thus you will be offering presumptive tax only once.
In future use ITR 4S