Section 44ad
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 November 2016
Dear Experts
I have filed the return of partnership firm For AY 2016-17 by opting sec 44AD. Mistakenly i have not availed the deduction of partners salaries & Interest hence tax has been excess paid. So in this case while assessment weather AO allow the partners salaries & interest and refund the excess tax if so? Pls guide what to do....
also the return was belatedly filed,
Thanks in Advance...
I have filed the return of partnership firm For AY 2016-17 by opting sec 44AD. Mistakenly i have not availed the deduction of partners salaries & Interest hence tax has been excess paid. So in this case while assessment weather AO allow the partners salaries & interest and refund the excess tax if so? Pls guide what to do....
also the return was belatedly filed,
Thanks in Advance...
22 November 2016
AO will not allow. File rectification u/s 154 after receipt of intimation.
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