Modification in accounts

R. vishwanathan (SENIOR ACCOUNTANT) (241 Points)

05 January 2013  

sir pls tell me if a firm audited ..and net profit under slab rate as nil tax return filed. later on find that closing stock revalued in upward directn..accordingly net profit come under taxable range so in that case how many places changes required and in what manner....i mean how accounts modified and return....

 thanx ....