02 August 2015
I TR 4S filed for A.Y.2015-16 and shown calculation of Profit&Loss on plying transport income under section 44AE shown for 3 transport 262500 ,but not shown presumptive income under 44AD i.e.not shown gross receipt/total turnover but shown only presumptive under 44AE and tax paid accordingly and shown an amount as sundry creditors but this is unsecured loan for purchase a Matador.Now my question will I revised the return or wait for assessment order.Return filed on 15.06.2015-please give me proper suggestion about this . Waiting for your reply. Thanking you, Buddha deb Das
02 August 2015
creditors are of 2 types TRADE creditors and OTHER creditors. It seems you are struggling with this difference. You have shown OTHER creditors in the column of creditors....Not a wrong proposition per se...
CAclubindia
