yes you can submit ITR with tax payable position. However, as suggested by Santosh it shall be considered as defective return. But, you will get 15 days from the date it is considered defective to pay the taxes and correct the defect.
It is advisable that such a thing is done only where you are suffering from cash shortage. Because the interest liability keeps piling up.
21 November 2013
Well I am not suggesting to pay tax if you dont have money right now. The defect is curable and no litigation can be taken up as long as you pay tax within 15 days of defect notice.
CAclubindia
