Help me on this point..!!!
This query is : Resolved
05 February 2009
Q1] If an assessee files a return after due date (Belated u/s 139(4))and forgets to include:
1) Secured loan balances,
2) Deprecation on some of its fixed assets
&
3) TDS available for refund
in its return and he is not liable to pay tax then what will be the consequences as he is not allowed to revise his return?
Q2] Will he be able to claim the Depreciation on assets which were not included in Balance sheet & on which dep was not taken and TDS refund next year?
Q3] Will he be able to show his secured loans next year which were wrongly not included in balance sheet this year?
Please help me....
1) Secured loan balances,
2) Deprecation on some of its fixed assets
&
3) TDS available for refund
in its return and he is not liable to pay tax then what will be the consequences as he is not allowed to revise his return?
Q2] Will he be able to claim the Depreciation on assets which were not included in Balance sheet & on which dep was not taken and TDS refund next year?
Q3] Will he be able to show his secured loans next year which were wrongly not included in balance sheet this year?
Please help me....
06 February 2009
An assessee can filed revised return before the next year of the assessment year or before the assessment. suppose u r filed return for the f/y 2007/08 then , u can filed the revised return before the 31st march,2010.this doesn't matter for which pupose u r file revised return.
06 February 2009
An assessee can filed revised return before the next year of the assessment year or before the assessment. suppose u r filed return for the f/y 2007/08 then , u can filed the revised return before the 31st march,2010.this doesn't matter for which pupose u r file revised return.
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
- About TDS & Income Tax
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- Tax on Deemed Capital Gain
- Booth for sales promotion
- F & O PROFIT REPORTING FOR AY 2026-27
- Type of Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- Difff in ais receipts and gst turnover
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
