Belated Return in which income is skipped
This query is : Resolved
30 September 2016
Hi all,
Request a resolution for the below query:
A friend of mine sold a property in fy 2013-14 receiving arnd 40L (white). He filed a belated return for that year but without reporting the said transaction. As computed there was a capital loss which was arising on the above. So how can this transaction be reported now since ROI was filed belated.
CA MANISH SAXENA
(Expert)
01 October 2016
Hi Priya
Now No option..wait for Notice and try to avoid penalty..as per my opinion.
Thanks.
Now No option..wait for Notice and try to avoid penalty..as per my opinion.
Thanks.
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