Tax Payable

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

09 February 2011 Dear Experts,

Kindly suggest, whether I must pay total tax payable at the time of return filing as self assessment tax or a part of it may be paid at a later date.

Also please let me know, if it can be paid at a later date what would be the nature (i.e, self asstt.tax or other).

Thanks

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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09 February 2011 Self assessment tax has to be paid in full before filing the return. If not paid, though filing can be done, penalty provisions u/s 221(1) will attract.

Guest

Guest (Expert)

09 February 2011 Self assessment tax will have to be deposited before filing the retun. A return without Self assessment challan will be a defective return.

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Querist : Anonymous

Querist : Anonymous (Querist)

09 February 2011 Sir,

Thanks a lot for your reply.

If the self asst. tax has not been paid in full before the date of filing of return, can the balance amount payable be paid at a later date.

Kindly reply.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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09 February 2011 Undoubtedly it has to be paid and can be payable at a latter date also subject to Mr. Moondra's and my earlier observations.