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revised return

This query is : Resolved 

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.

14 October 2009 Agree with expert Sreedhar

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?

15 October 2009 you can claim it in revised return....any way claiming of depreciation is mandatory

15 October 2009 yes sir, the case is in audit.

15 October 2009 Thank you sir


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