if a person has not shown on of bank in balance sheet in the previous year but know he is willing to show it. can it be posiible.
Menu
account
Replies (3)
No..If you show like that it means that the previous year accounts were wrong..
If you want to show bank balance..ask that person to close that account and open a fresh account...
Dear Ejaz
If that person wants to show bank in the balance sheet of last year, you can show it in last year by revising the ITR as applicable ( If you have provided the bank details in the balance sheet). In case of paper filling the same can be rectified by filling revised return alongwith updated balance sheet.
In case of current year it is possible to show.
In first case however, it should be ommision on the part of the assessee & not wilfull.
vat on scrap sale
Recent Topics :
- Chhath Puja 2026 Dates Timing Tithi
- Tax Benefit on Second Property
- IPO application checklist: 18 rules that decide wh
- NSE IPO Price, GMP, Allotment Date and Listing
- Gst tax rate
- Cash deposited by customer
- CAPITAL GAIN REG
- Built a simple tool to automate client document fo
- Capital Gain on Sale of SRA Allotted Flat Received
- Discrepancy in Auto populated figures in GSTR1 of
Related Topics :
CAclubindia
