05-19-2011, 01:32 AM
NO NEED TO DEPOSIT TAX ON ACCOUNT OF 4% OR 6%. MOST OF THE RP HAS NOT DEPOSITED TAX AND FOLLOW THE RETURN AS USUAL. IT IS THE BASIC RIGHT OF THE ASSESSEE TO ADJUST ITS PAYABLE AGAINST RECEIVEABLE AMOUNT. IF DEPARTMENT RESIST AND SERVE NOTICE OF PAYMENT OF TAX iT WILL DIRECTLY BE CHALLANGED IN THE HIGH COURT. DEPARTMENT WOULD HAVE TO ADJUST BECAUSE IT IS THE FUNDAMENTAL RIGHT OF THE ASSESSEE
