what are the consequences and solution if total sales submitted in audit report is less as compared in to GST return? Due to same stock and other data are wrong.
Is there any option to consider the sale amount omitted in Audit return in current year?
Can the same be shown in current year as prior period income??
Menu
audit report
Replies (3)
There are two options:
1. Request your CA to revise audit report
2. Show in current year as Prior Period Item
1. Request your CA to revise audit report
2. Show in current year as Prior Period Item
what are the consequences of filing revise return with revise data
Filing a revised return would be a better option than showing it in next year as prior period item according to me.
Revised return will help you to keep the financials in the same year and would be less of a headache as compared to showing it in the next year. Consequences as such would involve the case being selected for assessment and payment of interest and penalty.
Recent Topic
- My client missed to file ITR 3 for AY 25-26
- Subscription/Membership fees
- Inverted tax gst refund
- Mismatch of pincode and district while registering
- Total income less than 12 lakhs but after processi
- Is Getsvision Solutions right for SMTP bulk email
- Queries on Stock/ETF gifting.
- Adding bank account for the deceased for ITR refun
- SALE OF EQUITY ON THE LAST DAY OF THE FY 2024-25 N
- Which ITR form
Related Topics
CAclubindia
