As on quarter ending 31 mar 2017, the company had a particular service bill for around 1.3 crores and had already paid service tax on it and also showed it in the service tax return. But unfortunately, the income was somehow not included while calculating total income.
Without considering the above income of 1.3 crores, the company has a loss of 1.2 crores.
The return of income was filed after the due date showing a loss of 1.2 crores.
Now, I know loss cannot be carried forward in case of belated return, but my question is can I revise the return and set off the loss from the income of the same FY?
CAclubindia
