Turnover and expense mistake in ITR
This query is : Resolved
Guest
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?
03 April 2023
Turnover and profit difference higher or lower.
Guest
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.
03 April 2023
Give actual turnover and turnover reported.
Profit reported and actual.
If it's not significant no need to worry.
Profit reported and actual.
If it's not significant no need to worry.
Guest
Guest
(Querist)
03 April 2023
Thank you sir. Forward successfully.
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