https://www.taxtmi.com/acts?id=50030 Substitution establishes a self-assessment regime requiring an assessee who files a return under section 139 to pay tax shown as payable, after crediting tax already paid, within thirty days of filing where the payable amount exceeds the statutory threshold; such payment is to be treated as payment toward any subsequent regular assessment, and failure to pay within that period may attract penalties directed by the Income-tax Officer, including successive penalties for continuing default, subject to an overall cap, with a reasonable opportunity of being heard before levy. en-us Mon, 03 Mar 2025 16:33:55 +0530 Mon, 03 Mar 2025 16:33:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=50030 Substitution establishes a self-assessment regime requiring an assessee who files a return under section 139 to pay tax shown as payable, after crediting tax already paid, within thirty days of filing where the payable amount exceeds the statutory threshold; such payment is to be treated as payment toward any subsequent regular assessment, and failure to pay within that period may attract penalties directed by the Income-tax Officer, including successive penalties for continuing default, subject to an overall cap, with a reasonable opportunity of being heard before levy. Act-Rules F. Acts / Amendment Acts Mon, 03 Mar 2025 16:33:55 +0530 https://www.taxtmi.com/acts?id=50030