Regarding non payment of income tax
This query is : Resolved
15 December 2014
Dear All
Can a Co. File ITR Without payment of taxes of income tax on the due date ??
If yes Then what are the consequences in this to co and on what timing co pay the taxes .
Can a Co. File ITR Without payment of taxes of income tax on the due date ??
If yes Then what are the consequences in this to co and on what timing co pay the taxes .
Amol S Joglekar
(Expert)
15 December 2014
The return may be uploaded without payment of taxes.
The consequences could be DEMAND notice from the department.
The consequences could be DEMAND notice from the department.
15 December 2014
ok but is there any time limit to pay this tax or directly deptt issue demand
Amol S Joglekar
(Expert)
15 December 2014
As and when your pocket permits, you can deposit the tax.
Once department issues demand notice, you are left with no other choice but to pay the tax as demanded and that too within the time stipulated in the said demand notice.
Once department issues demand notice, you are left with no other choice but to pay the tax as demanded and that too within the time stipulated in the said demand notice.
Rupesh Jain
(Expert)
15 December 2014
you have to pay the tax after the notice received with in 30 days
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