ITR without tax payment

[RAKESH SRIVASTAVA]

what will happen if income tax return subnitted without paying full income tax

[Guest]

there is no problem at all if u file income tax return without paying the tax. later on when asstt. takes place, u will get a demand notice and then u can pay the tax with interest.

[Guest]

Better pay admitted tax and interest and file a revised return, if permissible Or pay tax and interest and file challan with the A.O. with a suitable covering letter.

[RAJESH SAWHNEY]

Demand u/s 220 will be created soon.

AI Summary

Filing return without full tax payment triggers a demand notice and liability to pay the tax with interest. Filing an income tax return without paying the full tax due will result in a demand notice being raised during assessment; the taxpayer must pay the outstanding tax with interest. To regularise the position, the taxpayer may pay the admitted tax and interest and either file a revised return if permissible or submit the tax challan with a covering letter to the assessing officer.