NO. 402/92/2006-MC (25 OF 2012)
Analysis of e-filed returns filed in the current Financial Year reveals that nearly 29,000 taxpayers, where committed tax payable was in excess of Rs. 50,000, have defaulted on the payments aggregating to approximately Rs. 3,770 crores.
Income-tax Department urges all taxpayers who have filed their returns for A.Y. 2012-13 and have defaulted on payment of committed tax, as self assessment tax of any amount, to immediately come forward and pay the due taxes without any further loss of time. It is also brought to the notice of such taxpayers that default in payment of self assessment tax may invite penal consequences.