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Lower payment of tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 March 2013 I am working as a consultant, i hire lawyers for my clients who were being sued.
For the AY 10-11,11-12,12-13 i have filed my income tax returns through a tax consultant.
They filed my returns with the help of my bank statements and on the receipts they charged 8% as income u/s 44AD of income tax act 1961 showing me as a civil contractor.The total tax paid by me was 22000 for the 3AY's, but in real my tax liability will be coming upto 1.5-2 lakhs if my total income was considered. But as iam out of station for about 2 months those consultant people filed return without informing me basing my bank statements.
for this Ay 13-14 i want to pay 2 lakhs income tax for the income earned in the financial year 12-13.
my question is whether there will be any problem if i pay 2 lakhs amount now as ,my tax liabilty for the last AY is just 15000?

02 March 2013 Hi

Prima facie if your receipts for current FY is more than previous year then it seems to be no issues.

Try & compare your income under same provisions.

Thanks!!

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 March 2013 hai vaibhav
thanks for the reply.
My problem is that i have been shown as a civil contractor for the last 3AY's.
would it be a problem if i file my returns for this AY13-14 as a consultant not being a civil contractor.
the actual liability comes upto 2lakhs this year, even in last 3 AY's it was so. but i paid 22000 in total(for 3AY) because of their fault.
i dont want to revise the return. iam planning to pay the entire tax amount arrived even from this AY. would it be a problem if my tax amount increases this drastically??? any chances of scrutiny or notices?
please suggest me a good alternative/solution


02 March 2013 Yes,

If scrutiny comes then problem may arise. However chances are less for Tax amt of Rs. 2 laks, then also its subjective.

Thanks!!



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