Analysis of e-filed returns filed in the current Financial Year reveals that nearly 29,000 taxpayers - Tax payable was in excess of Rs. 50,000, have defaulted on the payments aggregating to approximately Rs. 3,770 crores.

PRESS RELEASE No. 402/92/2006-MC (25 of 2012),

Dated 8-10-2012

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.

Self assessment tax default may attract penalties; taxpayers urged to immediately pay outstanding liabilities to avoid enforcement Analysis of e-filed returns shows widespread default on committed self assessment tax, identifying nearly 29,000 taxpayers with unpaid liabilities aggregating a substantial amount. The tax authority urges taxpayers who filed returns but have not paid the committed self assessment tax to immediately pay outstanding taxes, warning that default in payment may attract penal consequences under the tax laws.

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Analysis of e-filed returns filed in the current Financial Year reveals that nearly 29,000 taxpayers - Tax payable was in excess of Rs. 50,000, have defaulted on the payments aggregating to approximately Rs. 3,770 crores.

October 12, 2012

Self assessment tax default may attract penalties; taxpayers urged to immediately pay outstanding liabilities to avoid enforcement

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Contact Us At :

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Analysis of e-filed returns filed in the current Financial Year reveals that nearly 29,000 taxpayers - Tax payable was in excess of Rs. 50,000, have defaulted on the payments aggregating to approximately Rs. 3,770 crores.

October 12, 2012

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Self assessment tax default may attract penalties; taxpayers urged to immediately pay outstanding liabilities to avoid enforcement

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