Dear Friends,
In the original return, the sales disclosed is around 9 lacs. After the return was filed within the due date, there is a rectification in the sales & purchase figures.The sales fig reached to 12 lacs. The income disclosed is unchanged. Whether such change is bonafide. if not what is the remedy in such a case.
Can i file a revised return without attracting penalty?
Regards
Indranil.
hi Mr.INDRANIL,
you can increase the sales figure to Rs.12 lacs maintaing same income in revised return provided the gross profit in revised return should be more than that in original return .you can increase expenses that are related with sales so as to to maintain the same profit as in original return.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
View Details
CAclubindia
