Question ID : 710

Section 44AE

A friend of me is owng a tanker & used to file his urn through a commercial accountant. For the Assessment year 2005-06 I.T. urn was filed decrg a net profit of Rs. 98,950,-. On a scruity of the fancial statements followg mistakes were noticed:

a) One TDS certificate omitted.
b) Road tax & vehicle surance cimed were higher.
c) Receipts from contract to the extent of Rs. 1,28,000,- shown less.
d) Rent of Rs. 1,02,000,- cimed though nothg was paid as rent.
e) Depreciation not cimed.


My doubts:
a) Whether he can file the revised urn by decrg come u,s 44AE?
b) If the above option is not possible, can a revised urn be filed by cimg the actual expenditure? '

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