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Advise needed

MD. RAFI (Manager Accounts (future CA)) (670 Points)

11 February 2012

E-filling ITR for AY 2011-12 filled on 24/11/2011 after due date. In the profit and loss statement Salaray & wages, bank interest and other expenses wrongly filled (crerical mistake) but the net profit remains the same as in audited balance sheet. There is no difference in taxable income and tax liability. What shall I do to correct the PL statement in ITR? As return was filled lately we can not revise it u/s 139(5). Please advise me. Can I file correction after receiving 143(1).

Thanks in advance.

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6 Replies

(Guest)

try icai's e-sahayta

CA Miss Naamah (N H R & Associates) (377 Points)
Replied 11 February 2012

Since the net profit remains the same and also tax liability.. just wait and watch. Let the assessment order come.

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MD. RAFI (Manager Accounts (future CA)) (670 Points)
Replied 13 February 2012

Originally posted by : lloyd
	Tax Back

What does it mean?

MD. RAFI (Manager Accounts (future CA)) (670 Points)
Replied 17 March 2012

Originally posted by : CA Miss Naamah
	Since the net profit remains the same and also tax liability.. just wait and watch. Let the assessment order come.

Mam! we received 143(1), tax is assessed as computed by us. There is no additional demad of tax. Now waht to do? Shall we file correction or leave it as it is.