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15 Never Upload A Tax Payable Return (vi…kas verma)

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Somehow when i was discussing with Vika presumptive taxation concepts , i got a feeling that he was about to file a taxa payable return .Immediately i called him up and explained to him that he must never file a return with tax liability .Infact he must ensure that all the tax liability must be first paid using challan 280 and credit of such taxes paid must be availed in the return to meet tax liability and in process filing return with nil tax liability

Thankfully i did this in time and Vika will now file presumptive return for his hardware shop after having met the tax liability and availing the same in the ITR 4 S return,

Cheers ,

Amlan Dutta

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