Hello all,
This one is i think very serious issue,
I have Filed an ITR of a Pvt. Ltd. Co. and by mistake i entered amount of deferred taxation(LIABILITY) as deferred taxation( ASSET) and in P&L too, My balance sheet goes match, no effect on profit or tax.
Now after filing i recognized my mistake, so its my heartly request to all of you that please give ur valuable suggestions on it.
Can i correct that mistake in next FY by passing reverse entry or so(If the case not comes in scruitny).
Or i have to wait for CPC's requisition for rectification return.
Can it be said as a big mistake, i have newly joined as article.
please help yaar.