Payment of income tax
This query is : Resolved
Jagadeeswaran
(Querist)
08 July 2013
I have worked three company in the financial year 2012-13, The TDS was not deducted by the companies equal to my income.
currently, I have to make difference of tax. while I am submitting the return, how to make the difference of tax payment to the authorities.
If I file the return in august 5th or 6th with difference tax, what is the penalty to be payable.
REgards
L.JAGADEESWARAN
currently, I have to make difference of tax. while I am submitting the return, how to make the difference of tax payment to the authorities.
If I file the return in august 5th or 6th with difference tax, what is the penalty to be payable.
REgards
L.JAGADEESWARAN
CMA Ramesh Krishnan
(Expert)
08 July 2013
you need to consolidated all 3 companies income and find out tax liability and deduct the tds by companies and pay the balance as self assessment tax. need to pay and submit the return on or before 31st July 2013
otherwise Interest u/s.234A & penalty Rs.5000 will attract
Even now you will pay the interest u/s.234B & 234C
otherwise Interest u/s.234A & penalty Rs.5000 will attract
Even now you will pay the interest u/s.234B & 234C
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