Income/exp related to fy 14-15 not included in the roi
This query is : Resolved
CA Shyam Agarwal
(Querist)
31 December 2015
Dear Friends
A company has rent receivable of Rs 60000/- for the FY 2014-15 but forget to include in ROI of AY 2015-16. Now how to rectify this mistake can we include this income in current financial year.
A company has rent receivable of Rs 60000/- for the FY 2014-15 but forget to include in ROI of AY 2015-16. Now how to rectify this mistake can we include this income in current financial year.
Ankur Singhal
(Expert)
31 December 2015
dear pls revise the return.
CA Shyam Agarwal
(Querist)
31 December 2015
but company is liable for audit u/s 44AB. Although we can revise ROI but can`t revise audited balance sheet.
Plz tell me, If we include in this year then what discrepancy may be arise.
Whether we have to face any penalty.
Plz tell me, If we include in this year then what discrepancy may be arise.
Whether we have to face any penalty.
Ankur Singhal
(Expert)
31 December 2015
OK
Dear if you consider it in current year then no problem will arise. as the amount is not huge.
No penalty at all.
Dear if you consider it in current year then no problem will arise. as the amount is not huge.
No penalty at all.
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