Dear Experts,
One of my clients has just given me Form 16 for AY 12-13 and 13-14. And I need to file both of them now. The query is for AY 12-13, there is refund and for AY 13-14 there is a liability.
Instead of claiming refund for AY 12-13 and paying for AY 13-14, is there a possibility to set off his liability against refund in the e filing of his ITR?
Not Possible to adjust from our side, if in case any outstading demand in earlier years can set off by income tax department after asseeement order
PARV & Co.
New Delhi
CA Inter
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Kothari Jain Patil & Chartered Accountants
Pune
CA Inter
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CCI
Pro
CAclubindia
