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Intimation for Ay 20- 21 and wrongly calculated business income
Computron of business income wrongly calculated in the intimation - 1) Share loss from partnership firm is adjusted in business income , it is not shown in profit and loss account , but shown in capital account . 2) Gst and TDS shown payable in balance sheet also added in business income , but assessee paid before filing of Return u/s 139(1) and also written by auditor in Audit Report . Please advise in this regard .
Replies (2)
Quick Summary
Check the ITR filed properly, for the wrong posting if any.
If it is departmental mistake, file rectification request u/s. 164 of IT act.
Read sec. 154 of IT act, instead of 164.....
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