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

485 views 5 replies

nitish sharma

student

10 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..

Replies (5)

Amit M Bafna

74 Points Posted on 15 March 2016

Belated return cant be revised.

CA Raj Doshi

Practising CA

8954 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.

gautam thakur

employee

111 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.

Neeraj Sharma

Accountant

285 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.