Revised return
This query is : Resolved
01 August 2017
Return of last year of a company filed incorrectly (loss claimed even though business was not commenced during that year. When I checked its status it is showing itr processed. Does that mean the assessment has been completed (and i would not be allowed to file revised itr)???? and if not than how would I know whether or not assessment has been completed?
02 August 2017
I believe you should be able to file a revised return.
ITR Processing does mean that the 143(1)(a) has been passed.
Practically, since that is the case and if the amount claimed as expense is not high you may consider leaving things as they are. Of course you may lose out on one of the years of carry forward of loss.
ITR Processing does mean that the 143(1)(a) has been passed.
Practically, since that is the case and if the amount claimed as expense is not high you may consider leaving things as they are. Of course you may lose out on one of the years of carry forward of loss.
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
- TDS 194-T applicability
- GST ITC REVERSE
- Fixe term employment
- TDS on TRUST
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Section 50-fixed asset-->building ceases to exist
- Withdrawal in cash from partners capital account by partner
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- Tds on commission charges
- Consolidated financials
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
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
