Missed to show loan

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Business
190 Points Posted on 08 September 2020
I missed to show a commerical light good vehicle loan for financial year 2018-19 and return is being filed.. is there be any issues due to it ?are there any penality for it?
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On 08 September 2020 at 16:56 Report
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Quick Summary
A firm owner has realised they missed declaring a commercial light goods vehicle loan for the financial year 2018-19 when filing their tax return. They are concerned about potential issues and penalties arising from this omission. While individual returns may not require this, it's crucial for firms to ensure all relevant financial details are accurately reported.

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Tax and Business Consultant
11616 Points Posted on 08 September 2020
For individuals, it's not required to be shown in income tax return...
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On 08 September 2020 at 22:42
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Business
190 Points Posted on 09 September 2020
I have a firm sir , gstin
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On 09 September 2020 at 04:00

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