Dear Friends,
I have not filed ITR for FY2012-13, and as per guidelines I need to pay 40,000 + (1% charge * months delay).
Is there any way using which tax liability could be reduced.
Regards,
Vipul Jain
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Itr for ay 2012-13
Replies (1)
Amount excess of you actual tax liability can be reduced only under exceptional cases where it was not in your control to pay tax and file return.
If that is not the case then the one way to reduce the amount is to pay the amount at the earliest to avoid increase in interest amount.
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