Depreciation

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

30 April 2014 For a Tax Audit Company,in the FY 2012-13,the provision for depreciation was provided Rs.51,184 but actually the provision has to be provided only Rs. 17,584. The income tax return and ROC was also filed for the Company. What will be the consequence and how the mistake can be rectified??

Thanks in advance...

C.A. Mayur J. Raiyani

C.A. Mayur J. Raiyani (Expert)
Follow

30 April 2014 For Income Tax :
(1)if your ITR processed then you can file rectification of mistake u/s 154
(2)if your ITR not processed then you can file revised return upto 31.03.15 but sure that original return is filed in time.

For MCA :
you can file revised return but for that you have to bear additional fees.

Querist : Anonymous

Querist : Anonymous (Querist)

30 April 2014 What will be the consequence for the above mistake is not rectified??

Rupesh Jain

Rupesh Jain (Expert)
Follow

30 April 2014 dear sir

i hope depreciation under income tax is filed by you will correct .

it found mistake under company act pls check.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Krishna Kumar A

Sreerama Reddy

Sabyasachi Mukherjee

Sameer

HITESH NIRANJAN SAHU

Subscribe Now

Depreciation

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

CA Final

GST CONSULTANT

Accountant

Manager- Finance and Compliance

Senior Executive

GST CONSULTANCY