25 June 2015
Its Urgent, Assessee has Bank balance which was not shown in his ITR since FY 2011-12, i.e. since first ITR. Now he wants to show this bank balance in ITR for FY 2013-14. Could he show by as per following way? (Eg. balance is Rs300000) Bank A/c Dr To Capital A/c Cr What would be effect in taxation in case he show as above?
CAclubindia
