Non disclosure p.p.f in balance sheet as investment
This query is : Resolved
20 June 2014
hi,
one individual having a commision income. he has ppf a/c the person who files his itr maked a computation he disclosed his ppf interest in p&l account instead of capital a/c and does not disclose his ppf closing balance in balance sheet in last two years.so i want to know that how to rectify it in current year return.
Rupesh Jain
(Expert)
20 June 2014
I do not under stand , from which method you match the balance sheet.
if you do take ppf a/c then in current year you can take PPF a/c bal in balance sheet.
if you do take ppf a/c then in current year you can take PPF a/c bal in balance sheet.
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