16 March 2020
Please refer ITR 6 for A.Y. 2019-20 net profit included income from interest In BP part we have shown interest income as income considered under other heads and accounted the same as income from other sources resulting BP has shown business loss and bank interest is shown under income from other sources. Cpc disallowed this business loss stating PL account not showing loss. How to file rectification under section 154 and how to explain this details while filing
16 March 2020
Sir revised return to be filed as such interest income from fd not to be shown in PL account and to be shown separately in income from other sources. So that PL account shows loss. Is it correct. Please guide and reply
CAclubindia
