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self asst tax

Balaji K S (AUDIT ASST) (92 Points)

12 March 2009

whether i can pay my self asst tax for the asst year 07-08 and 08-09 now in a state different from where i file my return

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PiyushAgrawal (Chartered acooutant in practice) (575 Points)
Replied 12 March 2009

Originally posted by :Balaji K S
"	whether i can pay my self asst tax for the asst year 07-08 and 08-09 now in a state different from where i file my return	"

I think u should but not sure............

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Sorabh Gupta (Manager ( Taxation )) (877 Points)
Replied 12 March 2009

Dear Balaji

Yes you can pay the self asstt. tax any where becoz tax has been paid as per PAN no. so you can pay tax any where & file your return any where .

Arvind (Article) (150 Points)
Replied 12 March 2009

Originally posted by :Balaji K S
"	whether i can pay my self asst tax for the asst year 07-08 and 08-09 now in a state different from where i file my return

There is no provision that a person can pay less in a year and in succeeding year he/she pays more to adjust.In fact , if you pay less than what you should pay as per your computation of tax before filing Return , your return may be treated as defective return as per the Explanation to the Section 139(9).

Further the self assessment tax is responsibility of the person filing the return . The provision is contained in section 140A states as under:

"140A. (1) Where any tax is payable on the basis of any return required to be furnished ....... section 139 or section 142 .....as the case may be, section 158BC, after taking into account the amount of tax, if any, already paid under any provision of this Act,the assessee shall be liable to pay such tax together with interest payable under any provision of this Act for any delay in furnishing the return or any default or delay in payment of advance tax, before furnishing the return and the return shall be accompanied by proof of payment of such tax and interest."

However, what practically may happen is that the A.O may not invalidate your return and processes the return u/s 143(1), you will be charged with interest u/s 234B and 234C of the I T Act.that too till the date of processing of return.

He will send you an intimation which is a demand notice in itself. You may be charged with penalty u/s 220 if the new demand is not paid within 30 days of service of notice.
As self assessment tax is paid on basis of PAn i think it can be paid anywhere but i will confirm and let u know exactly