A company's audit report is signed and returns are filed in ROC for the F.Y. 2011-12. Now the Company want to change the sales amount (reduction) of F.Y 2011-12. Is it possible?
Note : If company is already showing loss and on reduction in sales amount loss will go up. Will there be any problem in carry forward of increased loss after revised return.
In annual filing forms, Form 23 AC and Form 23 ACA cannot be revised. So, generally its not possible. However you may try to approach the concerned ROC and convince them about such change. If they agree to nulify the effect of previously filed form, then you can file form freshly with the proposed change.
Waiting for more replies
| Originally posted by : Sneha Binani | ||
 |
In annual filing forms, Form 23 AC and Form 23 ACA cannot be revised. So, generally its not possible. However you may try to approach the concerned ROC and convince them about such change. If they agree to nulify the effect of previously filed form, then you can file form freshly with the proposed change. |
 |
Thanks Sneha ji and Vaibhav ji but in Note I have written one more Query please if you can advise me on that one too.
Regarding the increase in the amount of loss, the best possible solution is to revise the Balance Sheet and get it approved by the shareholders. And then carry on with the procedure I described earlier. Then there wont be any problem.
Other views solicited
T R SOOD & CO
New Delhi
CA Inter
View Details
Rahul Dang & Associates-Chartered Accountants
Pune
CA Inter
View Details
CAclubindia
