one of my client has received intimation u/s. 143(1) and there is tax payble Rs.1000/- which is nothing but the advance tax interest which was not paid at the time of filing returns.
my query: it should be deposited under which head either SELF ASST TAX OR TAX ON REGULAR ASST ??
11 April 2013
you need to pay as self assessment tax only. intimation u/s.143(1) is an identification the difference between your return amounts and calculations as per income tax and intimation. not an assessment
CAclubindia
