Article
150 Points
Joined February 2009
| Originally posted by :Balaji K S |
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whether i can pay my self asst tax for the asst year 07-08 and 08-09 now in a state different from where i file my return |
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There is no provision that a person can pay less in a year and in succeeding year he/she pays more to adjust.In fact , if you pay less than what you should pay as per your computation of tax before filing Return , your return may be treated as defective return as per the Explanation to the Section 139(9).
Further the self assessment tax is responsibility of the person filing the return . The provision is contained in section 140A states as under:
"140A. (1) Where any tax is payable on the basis of any return required to be furnished ....... section 139 or section 142 .....as the case may be, section 158BC, after taking into account the amount of tax, if any, already paid under any provision of this Act,the assessee shall be liable to pay such tax together with interest payable under any provision of this Act for any delay in furnishing the return or any default or delay in payment of advance tax, before furnishing the return and the return shall be accompanied by proof of payment of such tax and interest."
However, what practically may happen is that the A.O may not invalidate your return and processes the return u/s 143(1), you will be charged with interest u/s 234B and 234C of the I T Act.that too till the date of processing of return.
He will send you an intimation which is a demand notice in itself. You may be charged with penalty u/s 220 if the new demand is not paid within 30 days of service of notice.
As self assessment tax is paid on basis of PAn i think it can be paid anywhere but i will confirm and let u know exactly