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shashikant (Querist)
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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

suresh

suresh (Expert)
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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.