Loss return
This query is : Resolved
Souvik Kumar Ghosh
(Querist)
03 November 2012
I filled a return within due date in which i had business profit. But i had left out an expenditure which was not eligible for deduction in the last Assessment year & we are entittled to treat the same as an expenditure in the current A.Y. After considering the same: a business loss is coming. Now can i revise the return? Please provide the relevant case law, if possible.
Regards
Regards
03 November 2012
IF the mistake was unintentional ,You can revise the return with in time limit i.e
-1 year from the end of Relevant A.Y (or)
- Completion of Assessment.
if Original return was filed in due date.
-1 year from the end of Relevant A.Y (or)
- Completion of Assessment.
if Original return was filed in due date.
Souvik Kumar Ghosh
(Querist)
04 November 2012
Can you please provide the basis on which you are drawing the conclusion?
22 November 2012
You can revise the return for any reason. If you have not made a claim for deduction (intentional or unintentional) you can file a revised return.
There is NO requirement that the change sought to be made in the return should be a mistake.
There is NO requirement that the change sought to be made in the return should be a mistake.
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