Section 154
Querist : Anonymous
We have filled loss Return for AY 11-12 belated i.e. on 30/12/12 , in that we have shown loss of Rs. 30000 including depreciation of Rs. 15000, and because it is belated return we have disallowed total amount of loss without bifurcation i.e. we have added all the loss as dis allowance in return as out of expense.
Now department have given notice that you have income of Rs. 15000 i.e. Depreciation as we have not claimed it separately in return ..
now what to do ???
Plz. some 1 guide me..
Can i use Section 154 ?? Rectification ...
Thanks in advance for your help sir.
Querist : Anonymous
Is it mistake on record ?
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