Payment as per intimation u/s. 143(1) whether self asst tax

This query is : Resolved

CA Abhishek Singh (Querist)
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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 ??

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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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

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C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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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.

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Payment as per intimation u/s. 143(1) whether self asst tax

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