In itr closing stock as per pl is differ the stock as per bs

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student
24 Points Posted on 15 March 2016

Dear sir,

return for the FY 13-14 filed in FY15-16 as belated return, but by mistake alosing stock as per PL is more then stock as per BS.. its a  case of individaul self employed ...who is selling tailaring matereial.

plz suggest me but i need to do now..

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On 15 March 2016 at 17:37 Report
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78 Points Posted on 15 March 2016

Belated return cant be revised.

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On 15 March 2016 at 17:43
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Practising CA
5649 Points Posted on 15 March 2016
Please verify particulars submitted online by the pdf return form in detail and the type of Form used. May be you could find a way out of it.
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On 15 March 2016 at 22:53
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employee
102 Points Posted on 16 March 2016
Wait for the belated return to be processed. Then apply for intimation u/s 143 and then rectify it under 154.
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On 16 March 2016 at 16:16
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Accountant
194 Points Posted on 16 March 2016
If by mistake closing taken in P&L is different from B/S then how can Balance sheet was tallied. Any way Pls wait for intimation u/s 143 then rectify it to under sec.154. Later If u havnt send ITR ack to Department then it is good time to rectify it before assesment order.
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On 16 March 2016 at 23:56
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student
24 Points Posted on 17 March 2016

Thanks to all for your responses

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On 17 March 2016 at 12:12

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