5 Common Mistakes While Filling Return of Income
Here are the five common mistakes in Schedule BP
(Business Profit) committed by online filer of return
identified by CPC, Bangaloreresponsible for erroneous
processing of return
XBRL goes Topsy Turvy – Unlisted Companies again in the ambit
MCA has issued General Circular 37 dated 7th June, 2011
on XBRL which supercedes its earlier two circulars on the
subject.
The implication of the above circular no. 37 is that even
unlisted companies having a paid-up capital of Rs. 5
crores or more OR a turnover of Rs. 100 crores or more
come under the ambit of XBRL right from Phase 1 in this
year itself.
Here are the five common mistakes in Schedule BP
(Business Profit) committed by online filer of return
identified by CPC, Bangaloreresponsible for erroneous
processing of return
MCA has issued General Circular 37 dated 7th June, 2011
on XBRL which supercedes its earlier two circulars on the
subject.
The implication of the above circular no. 37 is that even
unlisted companies having a paid-up capital of Rs. 5
crores or more OR a turnover of Rs. 100 crores or more
come under the ambit of XBRL right from Phase 1 in this
year itself.
