Forget to claim depriciation...
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 July 2016
Dear Expert..
I have filed NIL ITR4 return of my clint for F.Y 201314, 2014-15, 2015-16, and i have not claim depreciation on Furniture of 10000/- Vehicle of Rs 45500 and Jewelry of rs 125000..
what is consequence in above Case??
any chances to receive notice form AO??
I have filed NIL ITR4 return of my clint for F.Y 201314, 2014-15, 2015-16, and i have not claim depreciation on Furniture of 10000/- Vehicle of Rs 45500 and Jewelry of rs 125000..
what is consequence in above Case??
any chances to receive notice form AO??
30 July 2016
You may not receive any notice from IT Department, if you disclose at least those assets but not claimed depreciation. You can claim depreciation for FY 2015-16 on WDV as on 01-04-2015 after adjusting the depreciation for FY2013-14 and FY2014-15 as if the same was claimed and allowed.
You may also revise your return for FY2014-15 or if assessment is completed, then request for rectification u/s 154.
You may also revise your return for FY2014-15 or if assessment is completed, then request for rectification u/s 154.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Stamp Paper for partnership firm change new income tax 2025
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- Regarding TDS Applicability For Director Remuneration
- SFT Cash Deposit in Current Account
- FORM 26A APPLICABILITY
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
