20 June 2013
is it possible to file income tax return without paying sa tax ie want to know how much late one can pay sa tax from the date of filing return.
20 June 2013
No at the time of filing of return tax liability must be Nil...so there is mandatory provision to pay income tax before filing of Income tax return....
20 June 2013
Not invalid. Will be treated as 'defective' vide explanation (aa) to section 139(9) from assessment year 2013-14 and onwards.
Non payment of self assessment tax attracts interest @ 1% per month or part of a month, because the person become an 'assessee in default' as per section 140A(3)and consequently section 220(2) attracts.
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