Bhargav teja (CA-FINAL Student & Article Trainee) (153 Points)
26 November 2013Respected Members,
One of our Clients Return for which 92E transaction occurred, the ITR was filed mistakenly before Sept30th without considering the 92E transaction. Can we go for a Revised Return by giving adjustment to above Rectification because already the Original Return is Filed in Time or Filing a new return as the duedate will be Nov30th in this regard.
Kindly Suggest your Opinion..
Thanks in Advance.
Sandeep Garg
(ARTICLE ASSISTANT)
(58 Points)
Replied 26 November 2013
CA Lokesh Kumar Tiwari
(Asst. Finance Manager)
(195 Points)
Replied 26 November 2013
if u find that transfer pricing transactions result some changes whether increase or decrease in income than u should file revised return but if there is no change in Income than there is no need to file revised return because obviously u filed return prior to due date.. Audit Reoprt u/s 92E i.e. for Transfer Pricing is altogether different from Tax audit u/s 44AB. You can file Transfer Pricing report by 30th Nov.
Bhargav teja
(CA-FINAL Student & Article Trainee)
(153 Points)
Replied 27 November 2013
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