Return filed as tax Payable

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 October 2010 Please tell me what are the consequences if return has been filed without depositing the Self assessement tax.

Inshort if return is filed showing the tax payable on due date.

how much the penalty is attracted


15 October 2010 Section of the Income tax Act,1961 is 221(1). Penalty can be imposed from time to time to the extent of the tax in arrears.

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 October 2010 thks so much dear expert


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