Re: Filing of Form 1 of VSV in case there is refund as per Assessment Order.
The Assessee is an Individual, for the AY the assessee was assessed u/s 143(3). After making disallowance/additions there was no demand u/s 156, but refund.
In filing form 1 Schedule A of VSV, we are not allowed to use negative sign or negative figure. Please guide
Also guide us how to take credit of Prepaid Taxes in such situation as case as the assessee was not required to pay tax post regular assessment.
The assesee may write nil . The assessee may also make an application for refund of excess paid by the assessee.
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