Wrong dta calculation invites scrutiny???

This query is : Resolved

CA Gyati Gupta (Querist)
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09 October 2015 Dear sir While filing itr of a company, depreciation as per income tax act taken wrongly, however it does not affect tax liability of the Company as there were business losses and unabsorbed depreciation. Shall I revise the return or leave it as it is? Are there any chance of scrutiny for this particular year.

CA Mohit Bansal

CA Mohit Bansal (Expert)
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09 October 2015 Hi Gyati,

It is advisable to revise the return and correct the particulars if the return was filed within due date

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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09 October 2015 If mistake is in deferred tax calculation only, no need to revise the return. This mistake alone doesn't invite scrutiny.

CA Gyati Gupta

CA Gyati Gupta (Querist)
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10 October 2015 Thank you both for your suggestions..

RAHULSMITTAL

RAHULSMITTAL (Expert)
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10 October 2015 This is your point of view that Wrong calculation invites scuritny.
Scrutiny notice is to be replied at any cost. Even if you revise return, it will have no impact on notice at all.
But my point of view is department has issued notice under 143(2) asking for books not scrutint notice.