Income tax liability

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Sanjeet (Querist)
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10 May 2018 Dear Sir,

In the end of March 18 income tax liability 63000/- we paid 52300/- as a advance tax rest Rs.10700/- i have created provision in books. so please suggest when i have to pay Rs.10700/- and we need to pay any interest. also suggest in

its payments like advance tax, self-assessment tax, or regular assessment tax,

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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10 May 2018 To restrict Interest U/s 234-B. You may pay the balance amount by calculatiing interest @ 1% for a month or part of the month immediately as "Self Assessment Tax."

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