Self assessment tax and tax on regular assessment tax

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

09 January 2017 Dear Sir,

what is the difference between Self assessment tax and Tax on regular assessment under income tax act?

I have received income tax demand notice, so under which head should i pay tax? 1. Self assessment tax or 2. Tax on regular assessment ?

kindly do the needful.

thank you.

Gokul Sharma

Gokul Sharma (Expert)

09 January 2017 self asst means you have to calculated the tax amount that should be paid.
and in asst tax dept assessed the tax you should pay.

Querist : Anonymous

Querist : Anonymous (Querist)

10 January 2017 thank you Sir,
so in case of demand notice from income tax department, which option should i take while paying tax? whether self assessment tax or Tax on regular assessment?

Gokul Sharma

Gokul Sharma (Expert)

10 January 2017 tax on regular assessment ...

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