Pla

This query is : Resolved

VIPIN KULKARNI (Querist)
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28 July 2011 Dear Sir,

While filing ER-1 we have to give challan details. We have to give details of amount deposited in the PLA. My query is what is the limitation of period while considering these amounts? For e.g. If an assessee has paid amount in PLA on 1st July, 2011 then should we show this amount in the return filed for June 2011 as amount deposited in PLA with this return?

U S Sharma

U S Sharma (Expert)
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05 August 2011 as if there balance is there in PLA, then no need to deposit again, but when the balance is short fall, then you have to deposit the same within next 5 days of subsequent month.

treat 5th july in place of 30th june for your PLA.