banner_ad

Turnover and expense mistake in ITR

This query is : Resolved 
Profile Image

Guest

Profile Image

Guest (Querist)
03 April 2023 Filed a client's ITR with income and expense of his sister concern by mistake? Revision time has elapsed. Matter is genuine and could be proved with evidence. What would be the assessing authorities normal stand on this if accounts are summoned in case?
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
03 April 2023 Turnover and profit difference higher or lower.
Profile Image

Guest

Profile Image

Guest (Querist)
03 April 2023 It is a case of loss. Expense more than receipts. Hence sister concerns(partnership )IT was not filed. But that turnover got into his propreitorial IT return by mistake.
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
03 April 2023 Give actual turnover and turnover reported.
Profit reported and actual.
If it's not significant no need to worry.
Profile Image

Guest

Profile Image

Guest (Querist)
03 April 2023 Thank you sir. Forward successfully.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
08 May 2026
Paid Assistants

Quick Taxperts Private Limited

Bengaluru

Graduate (Any)

View Details
Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
ARTICLESHIP 05 May 2026
ARTICLED ASSISTANT

JS ADVISORS

New Delhi

CA Inter

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details