44ad

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G. Prudvi Reddy (Querist)
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31 July 2017 if advance tax not paid and filed ITR for FY 2016-17 u/s 44AD ,will the return become defective?

CA R SEETHARAMAN (Expert)
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31 July 2017 No, return will not be defective but interest payable on short payment of advance tax.

G. Prudvi Reddy (Querist)
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31 July 2017 but if we see the amended provisions it says that advance tax is mandatory u/s 44AD

CA R SEETHARAMAN (Expert)
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31 July 2017 It is mandatory but only interest is leviable due to non payment.

G. Prudvi Reddy (Querist)
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31 July 2017 TQ for ur reply sir

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