Payment of income tax

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Querist : Anonymous

Querist : Anonymous (Querist)

17 March 2015 If someone have paid all dues under incoem tax act without bifurcating tax and interest u/s 234A. What can be the consequences?

Amol S Joglekar

Amol S Joglekar (Expert)
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17 March 2015 The responsibility of bifurcation vests with the income tax department, not with the assessee.

Querist : Anonymous

Querist : Anonymous (Querist)

17 March 2015 and if tax payable is paid without segregating tax and cess?

Amol S Joglekar

Amol S Joglekar (Expert)
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17 March 2015 Assesse need NOT segregate. The bifurcation is for the accounting purpose of Govt and not the assessee. "Doctrine of indoor management" comes into play in extreme and egocentric cases.

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Querist : Anonymous

Querist : Anonymous (Querist)

17 March 2015 Thank a lot for your prompt reply

Amol S Joglekar

Amol S Joglekar (Expert)
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17 March 2015 You are most welcome.
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