Undisclosed property

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 December 2016 One of my Friend has Filed his Return For A Y 2011-12 BUT MISSED TO DISCLOSED HIS AQUIRED PROPERTY during Same Year, Whether it may be disclosed during AY 2016-17, Return is yet to be Filed

VIPIN GUPTA

VIPIN GUPTA (Expert)
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27 December 2016 Sir If you are filing Income From Business and maintaing books of accounts then balance sheet is to be feeded. other wise there is no need to fill balance sheet or if required to Feed Assets Liability Statement. However it will not be possible to show the assets acquired in A.y 2011-12. in A.y 2016-17