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Section 148 return with tax due

Others 365 views 9 replies

Assessee had received a Notice U/s 148 for escaping Capital gain. Notice was valid. Assessee accepted and filed the ITR with the Capital gain tax as entirely due. The ITR acknowledgent with calculation was submitted. What is the time frame for the assessee to pay the tax declared as due in return? Is the return filed is Valid?

 

Replies (9)
Return is not valid, tax should be before filing of return
if do not paid due tax, assessment will be completes and demand determine along with interest u/s 234B & C if applicable.

Agree with you Sir. But this is applicable for Sec 148 cases too?

Return filed without payment of tax is considered as defective return. If such defect is not rectified within the specified time then such return shall be treated as invalid. The same applies for return filed u/s 148.
it's not defective return as amended by FA Act do u can that amount with in time limits specified

Sir, what is the time limit? will it be specified by A.O.?

that is based on the notice given by AO
or u can request for time from AO in website

Thanks a lot sir. Is there any maximum time frame that can be availed or is just 15 days from date of filling return?

u can request for condanation in website


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