LIVE GST Certification Course by CA Arun Chhajer begins 21st April. Register Now!!

Self assessment tax and return filing

Ganesh Keshri (Business) (73 Points)

10 February 2016

What if a person paid his self assessment tax before filing return during an Assessment year. e.g- Tax paid in sept 2015 and return file in march 2015.

Reply
Follow
Share

5 Replies

Jayesh NP (Tax Practitioner) (154 Points)
Replied 10 February 2016

Self assessment tax have to be paid before filing of return and the details of payment have to be filled in the Return. If return is filed without filling the details of tax payable it will be treated as a defective return.

Ganesh Keshri (Business) (73 Points)
Replied 10 February 2016

Got it but doubt not cleared.

E.g- A person paid his self assessment tax in sept of AY and filed the return in march of AY to avoid sec 234A. He paid self assessment tax on the basis of his own assumption. What would be the final effect on his return ?

Jayesh NP (Tax Practitioner) (154 Points)
Replied 11 February 2016

If the return is filed during the Assessment year, then penalty can not be filed. There is no problem in your case if you do not have carried forward losses.