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Revised balance sheet

Tax queries 895 views 3 replies

Dear all,

 

My friend prepared balance sheet & this balance sheet file in income tax, but he want to change in balance sheet i.e. call as revised balance sheet than any one can tell me about revised balance sheet matter....?

Replies (3)

1) Whether assessee has attracted tax audit or any other audit under any other law

2) whether change in balance sheet has any impact on its total income

Dear Sir

 

I have submited Balance sheet and profit & Loss Account for Induvidual Asese Accounting year 2009-10 alongwith Income Tax Return.

today i realise that Balance sheet whcih was submited have wrong data can i submit  amended Balance Sheet in the Income Tax Department. 

Please sugest me.

 

Thanks & Regards

 

Jay Jain

Balance Sheet or anyother matter in returns can be changed only by revising IT retruns. Date for revising IT returns have already elapsed. Still other ways can be recommended only by studying the particular case. 

Thanks 

CA Pritam Jain


CCI Pro

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