Income Tax notification required

 Dear All,

 
Please can anybody provide the Income Tax notification that specifies that income tax withheld till 31st March can be paid before the filing of the Income Tax return.
 
Regards,
shreya shah
Replies (7)

This provision is not by way of any notification. This was an amendment by Finance Act 2008, in Section 40(a)(ia). You can check it from any latest ready reckoner or latest book of Income tax. You will find the provisions very clearly in section itself.

If still you are unable to find the same, then mail me your id at tarun2507 @ gmail.com , I will send you the scanned copy of the text of the section.

Sherya

In this regard , i tell you some permutation & combination of section in income tax.........

As per section 139 , assessee have to file with in prescribed time limit........... 30Sep & 31 July

As per section 140A(1) , where any tax is payable as per return filed u/s 139 , assessee is required to pay tax along with the interest u/s 234B,234C before filing of ROI.

As per 140A(3) , if assesee fails to pay income tax whole or part or interest or both then assessee is liable to pay penalty os such amount as impose by AO.........

Hope now you find ur answer.....................

If any doubt then pls let me know ..............so that we can discuss more..............

Dear Sorabh, If I am not wrong then Shreya talking about tax withheld, i.e TDS. You have explanined the provisions of interest on tax. The question is little different as far as my knowledge concerned. If I am wrong then Shreya can clear her question in a better way.

 Hi Tarun,

kindly email the text of the same to my email id shreyashah3110 @ gmail.com

regards,

shreya

 

You can also read the sec. 40 (a)(ia), clearly explains as said by Mr. Tarun

 can any body help me for the notification no 280 dated 29th 07 2007

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