Problem in e-payment of it- urgent!!!!

This query is : Resolved

CS M.Kurtrala Nathan (Querist)
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29 March 2013 I have tried to pay the income tax for FY 2012-13through online via e-challan ITNS -280, but after filling up all the mandatory details like
Tax Applicable * (0021)INCOME-TAX(OTHER THAN COMPANIES)
Assessment year *-2013- 2014
Type of Payment*-(300)SELF ASSESSMENT TAX and try to proceed for payment, the message display as " Assessment year cannot be greater than the current Financial year for the payment selected by you".

I have contacted the NSDL representative regarding this ,they asked to pay the IT after 31st March 2013.

Whether any paid your IT through online if so Kindly provide the solution for this problem?

Or whether we can pay after 31st march and is there any penalty for paying after 31st mar?

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
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29 March 2013 You are want to pay tax for A.Y 2013-14 before 31-3-2013 so it is called Advance tax. any tax payment before ending of financial year then it is called as "Advance tax". So now select the option of "Advance tax" and try now it will sucess.

And One more this is you actually has to pay tax for A.Y 2013-14. If yes the selec Advance tax. If another other assessment then change the assessment then no problem will arise you.

OM SAI SRI SAI JAI JAI SAI

CS M.Kurtrala Nathan

CS M.Kurtrala Nathan (Querist)
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29 March 2013 Whether we can select the option Self assessment and pay the IT after 31st March 2013?

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CA.Sourabh Sethia

CA.Sourabh Sethia (Expert)
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29 March 2013 Yes you can pay after 31st March 2013

but be sure for the two things
first you are paying Self Assessment tax and secondly for the financial year 2012-13

but i want to inform you that for the FY 2012-13 you can pay Self assessment tax till 31st july or 30th september as the case may be
as it is the last date of filing the return

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
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29 March 2013 Yes, you can pay self assessment tax for F.Y 2012-13 i.e A.Y 2013-14 on or after 1-4-2013.

Note any tax payment paying after completion of the relavent financial year is called self assessment tax in case of you paying tax for the receipt of demand by the department then it is called regular assessment tax in case you paying before to the completion of financial year then advance tax.

Thus for F.Y 2012-13 or A.Y 2013-14 if you want to pay tax on or before 31-3-2013 for such relavent year then it is called Advance tax. If you paid or paying tax on or after 1-4-2013 for the relavent year then it is called self assessment tax. In case if you paying tax for the relavent year for the demand notice received by the department then it is called regular assessment tax.

OM SAI SRI SAI JAI JAI SAI