Payment of Self Asst Tax
This query is : Resolved
Ravi Kumar Rajgaria
(Querist)
02 July 2009
Can i(individual) pay my self asst tax via cheque/challan? or when it is compulsory to pay tax online?
Ratan Sharma
(Expert)
02 July 2009
Hi
You can pay your self assessment tax by cheque/ cash if you are not the proprietor of such firm whose accounts are required to be audited u/s. 44AB of the income tax act in the previous financial year. If the sales are below 40 lacs or the gross receipt is below 10 lacs in previous financial year then you can pay S.A. Tax by cheque/cash. Otherwise online payment is mandatory.
You can pay your self assessment tax by cheque/ cash if you are not the proprietor of such firm whose accounts are required to be audited u/s. 44AB of the income tax act in the previous financial year. If the sales are below 40 lacs or the gross receipt is below 10 lacs in previous financial year then you can pay S.A. Tax by cheque/cash. Otherwise online payment is mandatory.
CA.Nikhil Gupta
(Expert)
02 July 2009
agree with expert
02 July 2009
agree with the expert
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
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- EPF ECR NEW RULES Sep 17th 2026
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
