Chartered Accountant
380 Points
Joined April 2012
| Originally posted by : CA MAYUR TODMAL |
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Yes , you should pay. If return is uploaded with tax payable , it will be treated as invalid return u/s 139(9) |
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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/-).