30 December 2014
I want to know that if a person file his income tax return firstly for the assessment year 2014-15 then whether he liable to pay tax for this assessment yr or even for the earlier year also. please help thank u in advance..
30 December 2014
Yes. If any tax remains payable then same needs to be paid even after filing the return. Or if any Tax is assessed as payable and demand is raised by department then same needs to be paid unless you disagree and contest the same.