Mistakes in filling b/s in itr???????

Efiling 770 views 6 replies

Hello all,

This one is i think very serious issue,

I have Filed an ITR of a Pvt. Ltd. Co. and by mistake i entered amount of deferred taxation(LIABILITY) as deferred taxation( ASSET) and in P&L too, My balance sheet goes match, no effect on profit or tax.

Now after filing i recognized my mistake, so its my heartly request to all of you that please give ur valuable suggestions on it.

Can i correct that mistake in next FY by passing reverse entry or so(If the case not comes in scruitny).

Or i have to wait for CPC's requisition for rectification return.

Can it be said as a big mistake, i have newly joined as article.

please help yaar.

Replies (6)
Originally posted by : Sushmita

Hello all,

This one is i think very serious issue,

I have Filed an ITR of a Pvt. Ltd. Co. and by mistake i entered amount of deferred taxation(LIABILITY) as deferred taxation( ASSET) and in P&L too, My balance sheet goes match, no effect on profit or tax.

Now after filing i recognized my mistake, so its my heartly request to all of you that please give ur valuable suggestions on it.

Can i correct that mistake in next FY by passing reverse entry or so(If the case not comes in scruitny).

Or i have to wait for CPC's requisition for rectification return.

Can it be said as a big mistake, i have newly joined as article.

please help yaar.

if the ITR is related to current year, then revise the return.

The ITR is related to current AY.

How should i revise the return,

please guide

just file a revised return with all correct data, stating the original return akcnowledgement, rechcheck the data twice before uploading the same to incometax.

Dear Sushmita,

In ITR select the revised return coloumn and enter the correct data realted to P & L and  balance sheet and enter the original ack. No and date of filing of  the oriniginal return and upload the same.

regards

My advice to you is go for revise return... Have a good day..
You should not wait for anything. .Just file revised return.The procedure is same as original return,you just need to check "Revised Return" option. . Probably, depending upon software,all other details will be filled up.You just need to do corrections.


CCI Pro

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