Rectification/revision of itr of belated return

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Ashish bansal (Querist)
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01 June 2013 if DPM DOA are not entered but depreciation is claimed in P&L & B/S will rise to increase in tax in ITR utility

and accordingly due to negligence ITR was filed & a demand notice equalling to tax amount on the dep was served to the assessee.

moreover, return waas filed on the last date of A/y (belated return)

So return cannot be revised or rectified either because dep has given rise to change in GTI

Now what is the possible solution??

Moreover, Depreciation is mandatory to claim, i think deptt cannot merely disallow it by non filing of DPM DOA

CA SMR

CA SMR (Expert)
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10 June 2013 Rectification can be filed against intimation u/s 143(1).

Ashish bansal

Ashish bansal (Querist)
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11 June 2013 if i file, rectification by rectified xml, then due to filing of DPA DOA, GTI will go down, then how rectification is possible?

CA SMR

CA SMR (Expert)
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17 June 2013 In both PL and BS the dep can be manually entered.How the GTI will go down if DPM/DOA is filled I cannot understand.

Ashish bansal

Ashish bansal (Querist)
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18 June 2013 sir, i agree, in B/s & P&L dep can be entered manually, & in this case also, it was entered. now in sheet BP of ITR 4, depreciation of P&L & depreciation of DPM DOA, is compared and pgbp is accordingly adjusted with the diff of both,

now dep was entered in p&L, But not in DPM, DOA, so in sheet BP, dep charged in p&L was re-added in pgbp hence my GTI was increased by dep. amount

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