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Capital gains did not shown in original return

161 views 2 replies

mayuri

Tax Consultant

275 Points Joined October 2015

Hi,

We have filed the original return on July 30th, while filing return there was problem with AIS report so we have filed as per form 16 and traces.

Now in AIS report it's showing that he had sold property

Can we file revise return and show capital gains on sale of property.

Replies (2)

CA Aakarsh Jain

10436 Points Joined March 2019

Yes you can

Capital redemption reserve a/c Dr
securities premium accounta/c Dr
General reserve a/c Dr

To bonus to shareholders a/c

@ CA Akarsh Jain sir could you please explain me in words of this journal entries ( Accounting for bonus issue)

Bonus to shareholders a/c Dr
To equity share capital a/c

General reserve a/c Dr
P& L a/c Dr
To bonus to shareholders a/c

share final call a/c Dr
To share capital a/c

Bonus to shareholders a/c Dr
To share final call a/c