Sir, If a refund of Rs. 1000 arises after payment of a penalty in an updated return (ITR-U), how can we ensure that the refund is nullified? This is because refunds are neither allowed nor carried forward in ITR-U. Please explain.
Sir, If a refund of Rs. 1000 arises after payment of a penalty in an updated return (ITR-U), how can we ensure that the refund is nullified? This is because refunds are neither allowed nor carried forward in ITR-U. Please explain.