10 February 2017
I have constructed a house with 40 lakhs in f.y 2011_12 Till now I haven't filed it returns now I want to file it returns for asst yr 2016_17 How can I disclose it in books of accounts plz suggest (age 48 years)
Expert :
Anonymous
Expert :
Anonymous
(Expert)
10 February 2017
to provide correct solution i need to know your source of income whether salary or business
Querist :
Anonymous
Querist :
Anonymous
(Querist)
11 February 2017
Business. Paddy commission income
15 February 2017
you should get your books of accounts prepared by a qualified professional and include the cost of construction in books as an asset.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
17 February 2017
If the construction is shown in the books of accounts,Balance sheet,Capital account will be increased then is there any chances of call for information/scrutiny of R.O.I filed and reopen earlier years (If earlier years R.O.l filed) ? If yes, how to avoid it