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.
manishangural01@gmail.com (22 Points)
24 January 2025Sir, 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.
Rama chary Rachakonda
(Master in Accounts & high court Advocate)
(8392 Points)
Replied 24 January 2025
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