Income tax
This query is : Resolved
S.Jegadeesan
(Querist)
06 April 2012
Dear Sir,
I wish to clarify a doubt regarding Income Tax Payment.
Is it possible an assessee pay the Self Assessment Tax in installment basis without prior permission of Assessing officer after filing of the return?
i.e. An Assessee has file the IT Reurn with Tax Payable(Self Assessed) for Rs.10 Lakh.Now he has decided to pay the tax in different installments.Is it possible/allowable?
If yes which type of payment should be selected at the time of payment?
S.Jegadeesan
I wish to clarify a doubt regarding Income Tax Payment.
Is it possible an assessee pay the Self Assessment Tax in installment basis without prior permission of Assessing officer after filing of the return?
i.e. An Assessee has file the IT Reurn with Tax Payable(Self Assessed) for Rs.10 Lakh.Now he has decided to pay the tax in different installments.Is it possible/allowable?
If yes which type of payment should be selected at the time of payment?
S.Jegadeesan
06 April 2012
Section 140A prescribes that an assessee shall pay the tax before filing the return. Otherwise he shall be treated as an assessee in default.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Capital Gail Exemption Certificate
- Issuing of delivery challan by seller of goods
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Taxation of crypto futures in India Fy 2026- 2027
- Oct 2025 Invoices
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
