Revise return
This query is : Resolved
25 January 2013
Dear Experts,
Our company has filed Income tax return, tax Audit report, Statutory audit report for FY 2011-12 in time.
But now, we found that there are two purchase bills amounting to Rs.30 Lacs are wrongly recorded twice in tally.
As our audit report are already final.
How to revise the income tax return ? and
Under which section this expenses should be added to income ?
Our company has filed Income tax return, tax Audit report, Statutory audit report for FY 2011-12 in time.
But now, we found that there are two purchase bills amounting to Rs.30 Lacs are wrongly recorded twice in tally.
As our audit report are already final.
How to revise the income tax return ? and
Under which section this expenses should be added to income ?
25 January 2013
How the Auditors have conducted the audit ?
.
Whether your company is not maintaining proper stock records,also ?.
.
You need not to apply any section for addition as the same purchases would have reflected into inflated stock.
.
Whethet purchase Return can be shown in the next year -discuss with the Auditors.
.
.
Whether your company is not maintaining proper stock records,also ?.
.
You need not to apply any section for addition as the same purchases would have reflected into inflated stock.
.
Whethet purchase Return can be shown in the next year -discuss with the Auditors.
.
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
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- ITDS U/S.194T of Firm
- Difference between Date of Payment and Date of Deduction?
- Unregistered suppliers utility
- EXPORT COMMERCIAL INVOICE HSN CODE
- Same demand raised for original as well as rectification request return
- Sale of property held jointly with a non resident Indian
- Journal entry of busniess expenses
- GST not cancelled by tenant
- FORM 141 SDV query
- Form 140 tds
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
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
