Poonawalla fincorp
Poonawalla fincorp

Tax in itr

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 August 2012 please tell what is the difference between self-assessment tax and tax on regular assessment
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
01 August 2012 Self assessment tax is paid by the assessee himself while filing his return.

Tax on regular assessment is paid AFTER the assessing officer has made an assessment and served a demand notice on the assessee.
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SANYAM ARORA

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SANYAM ARORA (Expert)
01 August 2012 Agree with the reply
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