what will happen if income tax return subnitted without paying full income tax
ITR without tax payment
RAKESH SRIVASTAVA
Submitting Tax Return Without Full Payment: Expect Demand Notice, Pay Interest, and Possible Section 220 Demand. A forum participant inquired about the consequences of submitting an income tax return without paying the full tax amount. One response indicated that there is no immediate issue, but a demand notice will be issued during assessment, requiring tax payment with interest. Another advised paying the admitted tax and interest, then filing a revised return or submitting a challan with a covering letter to the Assessing Officer. A third response noted that a demand under section 220 would be created promptly. (AI Summary)