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IT Return for an unregistered Trust

ITR 287 views 2 replies

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

 

Replies (2)

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


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