Hi, I filed my IT return online and I recieved the Intimation U/s 143(1) dated 13th Feb 2012 to pay the tax due of Rs. 19000/-. I made the payment on 14th June 2012 (missed the 30 days due). What needs to be done after making the payment to make the assessment complete. What would be the latefee or penalty implications of this ? Please advise.
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Implication of late payment of tax
Replies (2)
I think only interest shall be payable.
But the authorities have the power to condone the delay.
After making the payment of the Intimated amount. Write a letter stating that u have paid the amount due to the assessing officer along with CPC with the copies of Intimation and the tax paid counterfoil. and for the deadline which u have not met nothing ll be done. If they catch they ll send one more intimation asking u to pay the amount of interest.
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