Hello All,
I have a case where the IT Return was filed on 20-12-2019 for an unregistered Public Trust. The return was filed even though the tax is not paid and for that instance even the amount that was appearing to be payable is at MMR.
So what could be done now? Should i not verify such return and prepare revised return where tax payable will be put down to nil?
What if the return is not verified? Do i still get the demand notice or defective notice?
Please guide me in this regard
Thank you
Your return shall not be processed unless you verify it.
And unless it is processed there is no possibility of demand being raised from department or C.P.C.But you meanwhile pay self assessment tax.
If you wish to file a valid revised return, it shall prevail over the original return.
File ITR 5, and show expenses
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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