Discarded return irreversible: treated as not filed; taxpayers must exercise caution when discarding returns accordingly. Discarding an income tax return is irreversible; once an ITR is discarded it cannot be reversed and is treated as not filed. Taxpayers must therefore be ... Summary
Discarded return irreversible: treated as not filed; taxpayers must exercise caution when discarding returns accordingly.
Discarding an income tax return is irreversible; once an ITR is discarded it cannot be reversed and is treated as not filed. Taxpayers must therefore be vigilant before using the discard option because the discarded return has no filing effect and cannot be restored.
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