01 August 2017
Return of last year of a company filed incorrectly (loss claimed even though business was not commenced during that year. When I checked its status it is showing itr processed. Does that mean the assessment has been completed (and i would not be allowed to file revised itr)???? and if not than how would I know whether or not assessment has been completed?
02 August 2017
I believe you should be able to file a revised return. ITR Processing does mean that the 143(1)(a) has been passed. Practically, since that is the case and if the amount claimed as expense is not high you may consider leaving things as they are. Of course you may lose out on one of the years of carry forward of loss.
CAclubindia
