Loan outstanding wrongly entered in last year returns
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 August 2015
One loan repayment entry was not made last year. Hence the loan opening balance in current year (F.Y. 2014-15) does not match with bank loan balance. the entire loan is repaid this year. What can we do? Should we revise the returns this year after making necessary changes?
The assessee is non audit assessee.
The assessee is non audit assessee.
23 August 2015
adjust the entry to Capital account of the proprietor.
No need to revise per se as there is NO any instance of income escaping.
No need to revise per se as there is NO any instance of income escaping.
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
- Showing Gift from relative in ITR for this year
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- Treatment of Pension ?annuity returns on PMVY
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Soyabean hsn code and gst rate
- Regarding IMS Mandatory from 1st July 2026
- Scrutiny assessments u/s 143(2) for AY 25-26
- Salary and pension received from Asian Development Bank
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
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
