filing return of income with out paying tax

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Querist : Anonymous

Querist : Anonymous (Querist)

01 January 2010 can we file a income tax return without paying self assessment tax

CA Vanesh Nadar

CA Vanesh Nadar (Expert)
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01 January 2010 YES.

BUT He you has to pay the tax with in due ad that to with interest i delayed. Otherwise the IT Dept. can raise a Demand Ntice for the same.

With Warm Regards

With Best Wishes for the YEAR

M. Vanesh Kumar
CA Students - Expert Association

Aditya Maheshwari

Aditya Maheshwari (Expert)
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01 January 2010 U could file but there is always chances that the department levies penalty for non deposit of tax before filing return

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Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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01 January 2010 Non payment of self assessment tax attracts penalty. The penalty can be imposed from time to time to the extent of the tax in arrears.It is imposable even if the tax has been paid after the default in payment has occurred. Refer section 221(1).