revised return
This query is : Resolved
Sanjay Jain
(Querist)
14 October 2009
can i claim Depreciation in revised return which i forget to claim in original return?
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.
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
(Expert)
14 October 2009
Agree with expert Sreedhar
Taranjit Singh
(Expert)
14 October 2009
yes u can claim....
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?
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?
CA. Bikash Bogi
(Expert)
15 October 2009
you can claim it in revised return....any way claiming of depreciation is mandatory
Sanjay Jain
(Querist)
15 October 2009
yes sir, the case is in audit.
Sanjay Jain
(Querist)
15 October 2009
Thank you sir
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