if tax remain unpaid on the date of filing ROI then Return will be treated as
1- defective
2-invalid
3-valid
4- rectifiable
please answer I'm confused because of there are two answer for the above question 1&3 so which is the correct one??
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140A-Self Assessment Tax
Replies (2)
Return will not be defective as per amendment by fa 16
Return will be 100% valid
U will be treated as assessee in default and liable for section 220 n 221 interest and penalty
All returns under 139 rectifiable
If tax paid is short then first adjusted towards fees under 234F then interest and then income tax
Return will be 100% valid
U will be treated as assessee in default and liable for section 220 n 221 interest and penalty
All returns under 139 rectifiable
If tax paid is short then first adjusted towards fees under 234F then interest and then income tax
above ans. is 100:/- true
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