27 November 2014
I have filed a return on 09/01/2014, the due date of which was 31/10/2013. Net Loss is 118000, provision of tax 70000. But under B/P i took net profit -48000(118000-70000), and added back 70000 due to which i got an intimation that 70000 is deemed income and tax payable on the same as per MAT. but this is a belated return, how to rectify this mistake. is there calculation correct. plz help me
CAclubindia
