44ad
This query is : Open
G. Prudvi Reddy
(Querist)
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)
31 July 2017
No, return will not be defective but interest payable on short payment of advance tax.
G. Prudvi Reddy
(Querist)
31 July 2017
but if we see the amended provisions it says that advance tax is mandatory u/s 44AD
CA R SEETHARAMAN
(Expert)
31 July 2017
It is mandatory but only interest is leviable due to non payment.
G. Prudvi Reddy
(Querist)
31 July 2017
TQ for ur reply sir
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