Interest on Loan Not Shown While Filing Income Tax return Last Year

Libissa (Accountant) (319 Points)

15 August 2020  

I have filed Last Year Income Tax FY 2018 - 2019 Without Showing Interest on Loan now this year opening balance is differ in account if we put the last year interest the opening balance is correct can i show the last year Interest  in April -19 ( I.e Interest Rs.785412 ) and take the interest as current year expenses or should i transfer the Interest to Capital or which head it should be transfer