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intimation u/s 143(1)

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 November 2010 we have recd intimitation u/s 143(1).What will be the type of payment category for making payment for amount payable? Will it be Tax on REgular assessment or any other. Kindly let me know
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CA Sanat Pyne

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CA Sanat Pyne (Expert)
16 November 2010 Yes. It will be tax on regular assessment.
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CA.Madhusudan B.P.

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CA.Madhusudan B.P. (Expert)
16 November 2010 If you are using Challan No ITNS 280, then its a Tax on Regular Assessment, And neither an Advance tax nor Self Assessment,As the payment is being done (Proposed payment) in responce to Intimation U/s.143(1)
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taxindiaconnect

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taxindiaconnect (Expert)
16 November 2010 Agreed with Sanat.
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