Self assessment tax

ITR 699 views 14 replies

Shivani

Learner

1881 Points Joined December 2012

Dear Members

I am filing return of a individual and his tax payable comes out to be Rs. 12000.

now if a person deposits tomorrow in bank 12000 as his self assessment tax.

then how much time does it take for self assesmsnet tax to reflect in Quick File E-Return in e-fliing webstie.

we can file return only after all taxes are paid?

regards

Replies (14)

raghavan

self

611 Points Joined August 2011

Better ask client to pay thru online and get challan no and bsr code. Fill the same and submit return. Heavy rush may make server hang and delayed.

Udgam Koomar

Tax Technologist

1949 Points Joined August 2011

Once you have the SAT payment details, you can fill the same in tax form, dont wait to et it teflected in 26AS

Kiran. S

CTO

745 Points Joined August 2015

Pay Self assesment tax online. Downlaod the challan. Put in ITR form and upload

5 Min job. Dont delay . There will be no extension of filing.

Harshit Kumar Bansal

Chartered Accountant

47 Points Joined December 2011

Pay online as tommorrow is holiday (4th Sat) of banks and after you paid the tax either online or in bank branch u get challan serial no. Imidiatly. Enter that challan no. & amt and file ur itr no need to wait .

Shenba Associates

Partner

115 Points Joined September 2009

4th Saturday holiday is applicable from on 1st September

Manoj Kumar Mishra

Article Assistant

304 Points Joined May 2011

well it depends on bank workings... it will be better if u make payment by net banking mode challan no is generated quickly...

S. Shiroor

Others

1212 Points Joined July 2015

From Ist of September 2nd and 4th Saturday have bank Holiday

Best pay tax online. Challan No , BSR code date and amt should match with downloaded Challan.

Happy filing

Rahul Khatri

100

33 Points Joined July 2014

Plz..make online payment and get e- challan otherwise deposit tha same in bank and get it from bank .

CA Santosh Dhumal

Practising CA.

594 Points Joined May 2013

Madam, If you are able to deposite the cheque into bank on saturday,and you got the bamk BSR code. you file your return of Income by just enterring challan no.00001 with actual bank BSR. In such a case you have two options, 1)Since you had filed the return within due date,you can revise return u/s 139(5) by entering correct challan details. or 2) You can wait for intimation u/s 143(1),in that case you can reply to department under mismatch of tax credit.

Prakash D Shah

Partner

32 Points Joined December 2013

You have to mention full particulars of tax payment in the return of income,though the date of filing of return of income may be earlier to the date of payment of the tax.

Ashwin

ARTICLE CLERK

101 Points Joined December 2012

If the payment is by cash you can get the challan next day from the bank and fill the details of Challan....or else online payment....you need not wait til it's being reflected in 26AS.