Itr

Save Share

This query is : Resolved

rahul sharma (Querist)

20 November 2013 hi friends, my query is that can we file the itr with tax payable or we have to pay tax before filling the itr. Thanks

SANTOSH SAGAR K

SANTOSH SAGAR K (Expert)

21 November 2013 As per the recently amended provisions, an ITR filed with any tax payable shall be deemed to be a defective return.

Hence, you have to pay tax before filing ITR.

Nikhil Kaushik

Nikhil Kaushik (Expert)

21 November 2013 Dear Rahul,

yes you can submit ITR with tax payable position. However, as suggested by Santosh it shall be considered as defective return. But, you will get 15 days from the date it is considered defective to pay the taxes and correct the defect.

It is advisable that such a thing is done only where you are suffering from cash shortage. Because the interest liability keeps piling up.

CA Pallav Singhania

CA Pallav Singhania (Expert)

21 November 2013 Agree with Experts,
It always advisable to Pay the tax and then file the return to avoid unnecessary litigation...

Nikhil Kaushik

Nikhil Kaushik (Expert)

21 November 2013 Well I am not suggesting to pay tax if you dont have money right now. The defect is curable and no litigation can be taken up as long as you pay tax within 15 days of defect notice.