Payment as per intimation u/s. 143(1) whether self asst tax
This query is : Resolved
CA Abhishek Singh
(Querist)
10 April 2013
hello everyone,
one of my client has received intimation u/s. 143(1) and there is tax payble Rs.1000/- which is nothing but the advance tax interest which was not paid at the time of filing returns.
my query:
it should be deposited under which head either SELF ASST TAX OR TAX ON REGULAR ASST ??
one of my client has received intimation u/s. 143(1) and there is tax payble Rs.1000/- which is nothing but the advance tax interest which was not paid at the time of filing returns.
my query:
it should be deposited under which head either SELF ASST TAX OR TAX ON REGULAR ASST ??
CMA Ramesh Krishnan
(Expert)
11 April 2013
you need to pay as self assessment tax only. intimation u/s.143(1) is an identification the difference between your return amounts and calculations as per income tax and intimation. not an assessment
Message likes :
1 times
30 May 2013
No you have to pay it as regular tax as you have received intimation from the IT department on completion of assessment.
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
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Query on effect of registration of property
- GST on reimbursement of expenses
- Visiting card purchase
- Wrong CMPo8 file
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Number of years as per AS amortisation of Goodwill
- Whether output tax is taken credit by purchaser
- Equity Share Sale and Purchase
- Additional trade name
- Foriegn assets disclosure
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
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
