Roc
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 January 2012
x (p) ltd. has filed their return for financial year 2010-11 under income tax and filed their Audited financials under ROC also. these financial was approved & singed by directors as well as auditor Also. now we want to resived these financials under income tax and ROC. is there any noncomplience under income tax act or company act. whether it is possiable to file these revise return under both act.
04 January 2012
Guidance Note on Revision / Rectification of Financial statements of ICAI says reopening or rectification of accounts after they have been adopted at the AGM should not be permitted under any circumstances. In case contrary to the views of the ICAI, the company still decide to reopen and revise its accounts, and get them audited, the auditors should qualify their report. Based upon this revised accounts and report, income tax returns can be revised. However, returns filed under the Companies Act,1956 can't be revised once the original returns filed is approved by the MCA 21 system.
Message likes :
1 times
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 January 2012
Thank you ..!
I want to ask further that will getting revised financials signed by the auditor, will amount to professional misconduct for his first audit report.
Secondly within what type period the return is approved by MCA 21 system. Is it approved at the time of filing.
I want to ask further that will getting revised financials signed by the auditor, will amount to professional misconduct for his first audit report.
Secondly within what type period the return is approved by MCA 21 system. Is it approved at the time of filing.
05 January 2012
1) No.
2) Instant approval viz., "straight through process".
2) Instant approval viz., "straight through process".
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
- Refund Annexure-B
- Liable to deduct tds and 44ADA
- Sale of Equity shares for Purchase of Residential Property
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- ECO SUPPLY REPORTIONG IN GSTR-1
- Is Interest applicable for payment made through credit ledger vide DRC03 for FY 2020-21 & 2021-22
- CCFS 2026 Schemed
- Subscription paid to foreign customer
- Two seprate Invoice needed
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
