Reply regarding notice u/s 143(1) as payable
This query is : Resolved
Anand Mahadik
(Querist)
03 January 2014
I received Notice u/s 143(1)as payable of Rs. 2850/-
This amount is payable is because of I am not taking the deduction of Depreciation as per Income Tax.
I forgot to enter in ITR Form (I enter Depreciation amount in B/S Schedule) suppose I want to revised the Revised the Return Can I do or Not?
Please Help me..
Contact Details : Email : mahadik.anand@yhaoo.com
Mobile : 9769440245
This amount is payable is because of I am not taking the deduction of Depreciation as per Income Tax.
I forgot to enter in ITR Form (I enter Depreciation amount in B/S Schedule) suppose I want to revised the Revised the Return Can I do or Not?
Please Help me..
Contact Details : Email : mahadik.anand@yhaoo.com
Mobile : 9769440245
CA.Chandankumar
(Expert)
03 January 2014
As per the Explanation 5 to Section 32(1) of IT Act,1961, It is mandatory to claim depreciation in computing the PBGP for any P.Y.
So, Simply you revised the Income Tax Return and claim the depreciation.
So, Simply you revised the Income Tax Return and claim the depreciation.
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