WE HAD FILED I.TAX RETURNS DURING THE PERIOD 2006-07 ONWARDS ( DULY AUDITED AS PER LAW AND ASSESSED BY THE DEPTT) FOR THE RELEVANT AYs. HOWEVER NOW IN 2012, WE HAVE DISCOVERED MISTAKES IN RESPECT OF NON CLAIMING OF ALLOWABLE DEDUCTIONS FOR PAYMENT OF PF DUES BY THE COMPANY ( WHICH WERE DISALLOWED IN EARLIER YEARS BY THE DEPTT FOR DELAYED PAYMENT U/S 43(B) ) . THIS HAS RESULTED IN UNDERSTATEMENT OF OUR B/FORWARD LOSSES BY A HUGE AMOUNT.
OURS IS A SICK COMPANY TRYING TO GET OUT OF IT. IS THERE ANY WAY WE CAN GET BACK THOSE UNCLAIMED DEDUCTIONS AND RECTIFY OUR B/FWD LOSS AS PER I.TAX RETURN?
KINDLY HELP.
CAclubindia
