Tax query:Please help
Hi All,Please help me for clarification of below points
1)While filing returns,if tax payable is 99 rupees should we pay that amount or we can file without paying that amount .Is it accepted?
2)After filing returns,I came to know that tax payable income is say 3000 as I forgot to include income from other sources.how to correct it as I already filed and got ITRV also more
1)While filing returns,if tax payable is 99 rupees should we pay that amount or we can file without paying that amount .Is it accepted?
2)After filing returns,I came to know that tax payable income is say 3000 as I forgot to include income from other sources.how to correct it as I already filed and got ITRV also more
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Dear Chandra sekhar B,...you can revise your returns. Also when the Tax payable is below 100/- you can pay Rs.100/- and avoid future complications. While paying taxes, it is advisable to pay the amount rounded off to the nearest 100/-. You lose nothing but, will save any future complications. more
Jul 27
You have to deposit Rs 99/- Or even Rs 9/--. So it is very clear. now you forget something in filing Return NO problem NOW again U recheck and file a REVISED ITR which is just printed on right corner of form-- But all in scheduled Time . This Year It is up to31 st August yssethi more
Jul 27
you have to submit a revised ITR for including the income from other sources. It is better to pay tax of Rs. 99 to avoid any future complication although as per my understanding upto Rs.100/- neither IT Deptt refunds or ask for the additional tax with interest. more
Jul 26
First please recheck you tax as you can take benfits from loss of capital with index correction if any due ..e.g. like loss in share or mutual funds sold after more than 365 days of holding. 1. deposit the additional Tax through any method...online through banks is best. 2. Then Revise submit the revise return 3. Submit fresh ITR-V to CPC via post. more
Jul 26
