Querries relating to belated return

This query is : Resolved

CA Ankit Verma (Querist)
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31 March 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....