Regarding treatment of vat added during scrutiny assessment
This query is : Resolved
02 March 2013
what will be the impact if in Regular Assessment of A.Y. 2009-10 ,Rs 850000 of Vat has been disallowed.
whether on the basis of that order we can rectify the orders of 2010-11?
whether on the basis of that order we can rectify the orders of 2010-11?
03 March 2013
The reason of VAT disallowing may be non -payment or late payment by invoking Section 43B.
.
In such a case the said expenditure has to be allowed in the AY relevant to the payment date. Request can be made for the rectification.
.
In such a case the said expenditure has to be allowed in the AY relevant to the payment date. Request can be made for the rectification.
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
- CAPITAL GAIN REDEVELOPED FLAT
- Requirement under FEMA &RBI
- CLOSING STOCK QUERY
- PF wage ceiling
- ITC BENEFIT ON BROKRAGE PAID
- TDS refund Indemnity Bond
- Taxation on Old jewellery sold
- Query regarding TDS on EPFO Higher Pension Arrears- under wrong section
- Query regarding Item 61/62/63 vs Item 64 in ITR-3
- GST ISD Query on various AMCs
- REGARDING ITR FILING QUESTION
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
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
