05 August 2016
dear sir, 1. i am salaried person. 2. i am taking a housing loan of ru. 500000/- and it is credited to saving account. so it is compulsory to create a capital account and balance sheet. 3. and my 2013-14 Return was filed but in this return i have to make a correction. it is possible or not
05 August 2016
Correction in your it return of 2013-14 is not possible now. And there is no need to prepare the capital a/c and balance sheet just because your home loan is credited to your saving ac.
CAclubindia
