Rs 10 tax payable

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Suppose balance tax payable while filing itr we get Rs. 10. Should we pay tax?
Replies (9)
If possible pay & close issue
Increase any Expense to Clear the Rs 10 Tax

Yes , you should pay. If return is uploaded with tax payable , it will be treated as invalid return u/s 139(9)

I think there is a provision like rounding of income there is provision of rounding off of taxes n under which this will be rounded off to 0 n your return would get processed there will be no issue as such

if you have file the return then pay same amount & close your tax laibility

if tax payable showing before filling the return then increase your Expenses/Savings

Also you can revised your ITR.

if you have file the return then pay same amount & close your tax laibility

if tax payable showing before filling the return then increase your Expenses/Savings

Also you can revised your ITR.

yes, you should pay 

The income should be rounded off to the nearest Rs.100.

So, once it is done then the tax payable of Rs10 will not arise.

Otherwise, increase any expenses by Rs.100, so that no tax liability arises.

Originally posted by : CA MAYUR TODMAL
Yes , you should pay. If return is uploaded with tax payable , it will be treated as invalid return u/s 139(9)

as per Amendment in FA2016 - if return is uploaded with tax payble by not paying Self Assessment Tax (140A) it will not be treated as defective return u/s 139(9).

And about tax payable of Rs.10/- you will receive Intimation u/s 143(1) & it will be treated as demand notice if you don't respond it within 30 days.

Even than you don't pay the same, the refund in any next year would get adjusted with this demand and interest thereon.

So better as all said above, adjust some expenses & make tax payable as NIL(I would suggest you to pay tax of Rs.10/-).

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