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Advise needed

ITR Filing 786 views 6 replies

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.

Replies (6)

try icai's e-sahayta

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

Originally posted by : lloyd

Tax Back

What does it mean?

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.

It would be preferable to leave it as it is.

Thanks a lot!


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