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Incometax return
while filing itr last closing stock of goods was wrongly shown in stock in process column , whether this year we can take that amount in opening stock of finished goods
Replies (5)
in my opinion you should file a reVised return to correct mistake in original return.
and then consider it opening stock of fiNished goods this year.
and then consider it opening stock of fiNished goods this year.
but the return filed was belated return
and furthermore that closing stock was reflecting in closing stock of finished goods only in trading p/L account, only in b/ s it is reflecting in stock in process coloumn
REVISED THE RETURN U/S 139(5)
belated return can also be revised now. law has amended.
you can rectify your mistake where ever it is..
you can rectify your mistake where ever it is..
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