1) I have filed partnership firm return on 05 Aug 2016.(it is loss return). We forgot to book some income in that return. By filing revised return can i get balance loss carry to next year?
2) By filing revised return did i get any notice from Income tax department.
1. Yes, you can revise return along with carry forward of losses.
2. Not just because its revised return.
Thank you very much sir.
Most welcome
Yes Pradeep, return can be revised and losses can be carry forward as the original return was filed timely.
In continuation from above, can any one clarify whether loss return filed with in due date is revised after due date with additional loss is considered as per 139(5)
Yes, it should be allowed.
Vardhaman Group of India
Pimpri Chinchwad
CA Inter
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SMJ global advisors pvt ltd
New Delhi
B.Com
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CAclubindia
