Revise return

This query is : Resolved

Anwar Shaikh (Querist)
Follow

25 January 2013 Dear Experts,

Our company has filed Income tax return, tax Audit report, Statutory audit report for FY 2011-12 in time.

But now, we found that there are two purchase bills amounting to Rs.30 Lacs are wrongly recorded twice in tally.

As our audit report are already final.

How to revise the income tax return ? and

Under which section this expenses should be added to income ?

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
Follow

25 January 2013 How the Auditors have conducted the audit ?
.
Whether your company is not maintaining proper stock records,also ?.
.
You need not to apply any section for addition as the same purchases would have reflected into inflated stock.
.
Whethet purchase Return can be shown in the next year -discuss with the Auditors.
.