22 November 2013
DEAR SIR 1-WE ARE A COMPANY. 2-OUR TOTAL INCOME TAX LIABILITY 50 LACS. 3-WE HAVE PAID PARTLY 30 LAC & 20 LAC TO BE PENDING QUERY CAN WE FILE ITR ONLY PARTLY TAX DEPOSIT OR NOT
You can file the return with pending tax liability. However, such as return shall be considered as defective return under Section 139(9). Once the defect is noted, you shall be notified of the same. You shall have 15 days to pay up the tax liability. Else your return shall be considered non-est.
You may do this only where there is severe cash crunch as your interest liability keeps piling on.
CAclubindia
