Hello everyone,
Client want to file the updated return now and pay the tax later once the demand raises. Can we do that. He is getting tax around 2 lakhs.
Please help.
Sarthak Kumar Dash
(Student)
(225 Points)
Replied 24 December 2022
sabyasachi mukherjee
(26191 Points)
Replied 25 December 2022
mayuri
(Tax Consultant)
(238 Points)
Replied 25 December 2022
He got notice from the department as there is high value transaction in fy 19-20, and the department mentioned to update return and pay tax. After calculating he got 2 lakhs of tax amount he is ready to pay but asking some time. The last date to file reply is today. So i have raised the above query. Is there any option sir to file now and pay tax later for updated returns.
Eswar Reddy S
(CFO- at NHTF)
(58213 Points)
Replied 26 December 2022
CAclubindia
