Sec 43b
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 December 2011
One of my client has filed his ITR, with disallowance of some MVAT amt u/s 43B and uploaded the return showing ITR as payable.
After filing ITR, he has paid the MVAT amt and now he has received demand notice from the department.
Now how should he go ahead with the notice..
plz advice..
After filing ITR, he has paid the MVAT amt and now he has received demand notice from the department.
Now how should he go ahead with the notice..
plz advice..
13 December 2011
Firstly, your client made a mistake of not depositing self-assessment tax before submission of return and filed a return showing tax payable.
The department is correct in raising a demand.
Ask your client to deposit the demand.
The MVAT deposited will be allowed as deduction in the AY 12-13.
The department is correct in raising a demand.
Ask your client to deposit the demand.
The MVAT deposited will be allowed as deduction in the AY 12-13.
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