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Income tax payment for block period

Tax queries 437 views 2 replies

Is there online chllana for Income tax self assesment tax payment for block period.If ride happend.

Replies (2)
each year's tax is to be paid separately.

*NOTES 1. Please use a separate challan for each type of payment. 2. Please note that quoting your Permanent Account Number (PAN) is mandatory. 3. Please note that quoting false PAN may attract a penalty of Rs. 10,000/- as per section 272B of I.T. Act, 1961. 4. Please note that to deposit Appeal Fees either Major Head 020 or 021 (depending upon the tax payer’s status) has to be tocked under ‘Tax Applicable’. Followed by this; Minor Head: Self Assessment Tax (300) has to be ticked under ‘Type of Payment’ and the amount is to filled under Others in ‘Details of Payments’. 5. To deposit taxes, appeal fees, etc. in respect of block period cases, enter the first Assessment Year of the block period followed by the last Assessment Year of the period. For example, if the block period is 1/04/85 to 5/3/96, it would be entered as 1986-97 in the space indicated for Assessment Year. If taxes are being deposited, tick the box Self Assessment (300) under Type of Payment and fill up amount under ‘Tax’ while in respect of appeal fees, enter amount under ‘Others’. PLEASE USE THIS CHALLAN FOR DEPOSITING TAXES (TYPES OF PAYMENT) MENTIONED OVERLEAF. KINDLY DO NOT USE THIS CHALLAN FOR DEPOSITING TAX DEDUCTION AT SOURCE (TDS) KINDLY ENSURE THAT THE BANK’S ACKNOWLEDGEMENT CONTAINS THE FOLLOWING: 1. 7 DIGIT BSR CODE OF THE BANK BRANCH 2. DATE OF DEPOSIT OF CHALLAN (DD MM YY) 3. CHALLAN SERIAL NUMBER THESE WILL HAVE TO BE QUOTED IN YOUR RETURN OF INCOME.


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