Section 148 return with tax due

397 views
User Avatar

PARTNER
30 Points Posted on 16 November 2018

Assessee had received a Notice U/s 148 for escaping Capital gain. Notice was valid. Assessee accepted and filed the ITR with the Capital gain tax as entirely due. The ITR acknowledgent with calculation was submitted. What is the time frame for the assessee to pay the tax declared as due in return? Is the return filed is Valid?

 

0 Reply Share Follow
On 16 November 2018 at 17:17 Report
Replies (9)
User Avatar

116 Points Posted on 16 November 2018
Return is not valid, tax should be before filing of return
Reply
On 16 November 2018 at 20:09
User Avatar

24 Points Posted on 16 November 2018
if do not paid due tax, assessment will be completes and demand determine along with interest u/s 234B & C if applicable.
Reply
On 16 November 2018 at 21:30
User Avatar

PARTNER
30 Points Posted on 17 November 2018

Agree with you Sir. But this is applicable for Sec 148 cases too?

Reply
On 17 November 2018 at 12:34
User Avatar

116 Points Posted on 17 November 2018
Return filed without payment of tax is considered as defective return. If such defect is not rectified within the specified time then such return shall be treated as invalid. The same applies for return filed u/s 148.
Reply
On 17 November 2018 at 12:42
User Avatar

34 Points Posted on 26 November 2018
it's not defective return as amended by FA Act do u can that amount with in time limits specified
Reply
On 26 November 2018 at 09:39
User Avatar

PARTNER
30 Points Posted on 26 November 2018

Sir, what is the time limit? will it be specified by A.O.?

Reply
On 26 November 2018 at 09:54
User Avatar

34 Points Posted on 26 November 2018
that is based on the notice given by AO
or u can request for time from AO in website
Reply
On 26 November 2018 at 09:58
User Avatar

PARTNER
30 Points Posted on 26 November 2018

Thanks a lot sir. Is there any maximum time frame that can be availed or is just 15 days from date of filling return?

Reply
On 26 November 2018 at 10:05
User Avatar

34 Points Posted on 26 November 2018
u can request for condanation in website
1 Reply
On 26 November 2018 at 10:06

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Taxation of Gift - Father to Daughter
  2. TDS on Property Purchased above 50lakh
  3. Accounting Treatment in Tally for Restaurant Sales
  4. Form 146 required
  5. Rule 86(B) Applicability
  6. ROC FILINGS FY2025-26
  7. Mismatch in 26AS
  8. How Can a Trader Utilise Approximately ₹1.20
  9. How Can Law Students Present Papers at Conferences
  10. On which amount 200% penalty under section 270A is

More recent discussions | Post

Related Topics :

Loading

Latest Job Openings

View all
Company
08 September 2026
Semi-Qualified Assitant

Subrahmanyam & Sivudu CA Firm

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 24 August 2026
Chartered Accountant Articles

Rohit KC Jain & Co

New Delhi

CA Inter

View Details
Company
17 September 2026
Chartered Accountant

Dass Gupta & Associates

Gurgaon

CA

View Details
Company
ARTICLESHIP 24 August 2026
Article Assistant

M/s.S.G.Salecha & Co.

Mumbai

CA Inter

View Details
Company
21 August 2026
Finance Manager

Resollect Technologies Pvt Ltd

Mumbai

CA

View Details
Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details
Company
Featured 11 September 2026
Audit Executive

RBSM Corporate Advisors Private Limited

Pune

CA

View Details
Company
27 August 2026
ACCOUNTANT

CHARUPREETI & CO

Noida

Graduate (Any)

View Details