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Pranjal Srivastava (Lawyer)     10 June 2014

Estimated expenditure

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



Learning

 2 Replies

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/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


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