hardik (NA) (70 Points)
15 March 2014Ram has not filled any return till date. He wants to file a return for AY12-13 & AY 13-14.
In AY 12-13 he has 700 tax payable &
In AY 13-14 he has 8500 tax refund.
Now he is filing both the returns together.
can he file the retun of Ay12-13 as payable and Ay 13-14 as refundable and recieve the balance amount as reund.
he doesnt want to pay 700 as he has refund of 8500 ...
Manoj Mehta
(Head Of Department (Accounts & Finance))
(1479 Points)
Replied 15 March 2014
Dear hardik
i suggest you with my experience to not to do the way you want to. It will create unncessary confusion in the mind of assessee and loss of reputation to you firm. Unethical behaviour in this profession.
File return for both the year with nil tax payable and refund.
Regards
CA Prashant Gupta
(DGM (F & A))
(14068 Points)
Replied 20 March 2014
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)
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