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Querist : Anonymous (Querist)
01 July 2011 what is self assessment tax? How it would be treated in accounts?
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Ram Avtar Singh

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Ram Avtar Singh (Expert)
01 July 2011 Self assessment
The assessee is required to make a self assessment and pay the tax on the basis of the returns furnished. Any tax paid by the assessee under self assessment is deemed to have been paid towards regular assessment.

its just like advance Tax. create new ledger self assessment Tax (2011.2012)
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