IF SELF ASSESSMENT TAX ARE PAID AFTER THE RETURN FILIED, IS THERE ANY INTEREST ATTRACTS TO IT??
Doubt regarding payment of self assessment tax
Manikanth (Chartered Accountant) (342 Points)
30 October 2012
CA Dimple Thacker
(It's Never Too Late)
(506 Points)
Replied 30 October 2012
Self Assessment tax is calculated & paid before Return is filed & same to be filled up in ITR Form. If Belated Return is filed & it Attracts tax than Interest is to be calculated. Also if there is any Advance tax liability than also interest is attracted.
Yogesh Kumar
(Job)
(180 Points)
Replied 30 October 2012