1) Yes
2) Yes
3) No
4) 31.03.2022
Mistakes in filing ITR6 of company
The ITR-6 for AY 21-22 of private company was filed last month with following mistakes. - The schedules that were selected: Part A-BS – Ind AS, Part A-Trading Account Ind-AS, Part A-P&L Ind-AS. The correct schedules are Part A-BS, Part A-Trading Account, Part A-P&L. - It was also marked yes to "Whether the financial statements of the company are drawn up in compliance to the Indian Accounting Standards". The company's turnover is within 10 lakhs. These are some queries I need your help. 1) Is it necessary to correct this mistake now? 2) Can the company file revised ITR now? 3) Will there be any problem after filing revised ITR? 4) What is the last date of filing revised ITR for AY 21-22? Looking forward to your reply. Thank you.
Asked 2 years ago in Income Tax
Yes you should correct the mistake and file revised return.
You can file it till 31.03.22.
No it won't create any problem but it'll solve the same.
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Thank you
Dear Sir,
If the return was filed within the due date i.e. 15th March 2022 u/s 139(1), then you can file the revised return upto the end of assessment Year i.e. 31st March 2022. There is no issue in filing revised return , You just have to correct all the mistakes and file return u/s 139(4) within the time limit.
Thanks and Regards
Shiv Kumar Agarwal
Thank you so much for the reply. The ITR uploaded with mistake has been processed successfully. An intimation was received u/s 143(1). There was a delay in filing revised ITR by company. 1) Is there any scope to revise ITR after assessment now? 2) Whether there will be any problem later due to mistakes in ITR? 3) How serious are the mistakes made in ITR? Looking forward to your reply.
Asked 2 years ago
You can rectification return.
1) Till 31.03.2022, you can file the revised ITR though original ITR has been processed u/s 143(1). After 31.03.2022, you may file the rectification of the return.
2) If due to mistakes there is any variation in the reporting of the fiinancial figures then you may receive the notice for the same.
3) It depends on the variation in reporting of the financial figures.
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