All respected experts,
If return is filed on the basis of estimated expenditure but actual expenditure is more than estimated expenditure, then can it be adjusted in subsequent years return, kindly cite any case law
thanx
Pranjal Srivastava (Lawyer) 10 June 2014
All respected experts,
If return is filed on the basis of estimated expenditure but actual expenditure is more than estimated expenditure, then can it be adjusted in subsequent years return, kindly cite any case law
thanx
CA Sunil Gupta (Prop.) 11 June 2014
dear pranjal,
which return file?
if income tax return file, than only return can be revise if under the time limit
with regards
CA Sunil Gupta
Mob: 9990816439
Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 ) 12 June 2014
You should file an amended tax return if you need to correct any piece of information that will alter your tax calculations. You can use an amended return to make corrections to your filing status, dependents, income, deductions, or tax credits