Dear All,
I filed a Belated return for one of the companies for FY 2013-14 yesterday i.e. 31st March 2015 (31st being the last day to file such return). It was a refund case of almost 2.2 Crores. I forgot to deduct one item as Admissible expense namely Provision for doubtful debts written back and as a result of which company is getting a refund of Rs 40 Lakhs less i.e. The company should have got a refund of Rs 2.6 Crores instead of Rs 2.2 Crores..
My query is can this Belated return be revised. If no, then can we claim this as an admissible expense next year's return as error or omission. If no, what is the best step that can be taken now?
Request you to help me out on this. Its very urgent.
Thank you
Mohit
CAclubindia
