revised return

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Sanjay Jain

Sanjay Jain (Querist)

14 October 2009 can i claim Depreciation in revised return which i forget to claim in original return?

Sreedhar Atchutuni ACA,GradCWA

Sreedhar Atchutuni ACA,GradCWA (Expert)

14 October 2009 Yes, you can claim depreciation in revised return provided you have filed your original return as per section 139(1).

Revised return can be filed within one year from the end of relevant asst. year or before the asst. is made which ever is earlier.

CA SANJAY MUKHERJEE

CA SANJAY MUKHERJEE (Expert)

14 October 2009 Agree with expert Sreedhar

Taranjit Singh

Taranjit Singh (Expert)

14 October 2009 yes u can claim....

Rajeev

Rajeev (Expert)

14 October 2009 An omission or wrong statement in the original return must be due to a bona fide inadvertence or a mistake on the part of the assessee, without which the benefit of 139(5) cannot be claimed.

Since its an expense , its ok . If in case of income , its a problem for concealment(271(1)(c) and furnishing false particulars
(277)

Is ur case under Tax audit , what does the report say regarding depreciation?