Tax pending after filing returns: how to?
This query is : Resolved
10 December 2012
I have tax pending after filing returns. I filed my returns in July itself and have about 18500 tax remaining. I want to know:
1. How do I calculate the total payable amount (including cess, penalty etc.)
2. While paying tax what Challan number should I use?
3. When filing revised returns do I still use ITR1.
4. Do I wait for demand letter from IT Dept or just go ahead and pay these taxes and file revised returns even if my original return hasn't been processed (only received)
1. How do I calculate the total payable amount (including cess, penalty etc.)
2. While paying tax what Challan number should I use?
3. When filing revised returns do I still use ITR1.
4. Do I wait for demand letter from IT Dept or just go ahead and pay these taxes and file revised returns even if my original return hasn't been processed (only received)
10 December 2012
01. Revise the return before it is processed by CPC/ Assessing Officer.
02. Better if you pay the tax along with revised return.
03. Pay the tax by using self assessment tax challan.
02. Better if you pay the tax along with revised return.
03. Pay the tax by using self assessment tax challan.
Message likes :
1 times
10 December 2012
Thanks Amol. Can you also help me out with calculation of tax? What is the total amount I have to pay if pending tax was 18500. Would there be any penalty involved?
10 December 2012
The rules are in favour of Income Tax department. So no MATHEMATICAL aptitude really works with Dept. Pay on ad hoc basis. At least hence onwards interest will be reduced.
Message likes :
1 times
10 December 2012
So do I just pay the difference and file returns based on that? Wouldn't that mean that IT dept will come back and ask me for interest?
10 December 2012
FILL IN THE RETURN ONCE MORE. CLICK ON CALCULATE TAX. IT WILL COME AUTOMATICALLY.
Message likes :
1 times
10 December 2012
Thanks for helping out Soumitra!!
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
- ITR 2 Short Term gain & Long term gain
- Itr 1 processing
- Reporting Income under Section 44ADA
- Off Market debit and credit transaction
- Building and other construction workers welfare cess act 1996
- ITR returnFY25-26
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- Bank Accounts in Balance Sheet for ITR 3
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Annual return of gst limit
- Delisted shares sold in off market/ Rebate u/s87A
- Error whiling application of GST REFUND (ANNEXURE B)
- While filing GSTR9 accountant couldn't entered the ITC values in Table 6, in 9C it is not accepting
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
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
