07 January 2014
My total Self Assessment Tax liability was Rs. 10lacs. But I Paid Only Rs. 8 Lacs. And Now a notice from the department has been raised regarding the payment of further self assessment tax. So whether i have to pay an interest on balancing amount (i.e. Rs. 2lacs) ?? If yes under which Section ??? or any penalty can be imposed by the department ??
CAclubindia
