TaxTMI 
TaxTMI 
Self-assessment
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....ion 90A on account of tax paid in any specified territory outside India referred to in that section; 28[****] (v) any tax credit claimed to be set off in accordance with the provisions of section 115JAA, 20[or 29[section 115JD; and]]] 30[(vi) any tax or interest payable according to the provisions of sub-section (2) of section 191,] 8[the assessee shall be liable to pay such tax together with interest 21[and fee] payable under any provision of this Act for any delay in furnishing the return or any default or delay in payment of advance tax, before furnishing the return and the return shall be accompanied by proof of payment of such tax 22[, interest and fee].] 9[Explanation.-Where the amount paid by the assessee under this sub-section....
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...." means the tax on the total income as declared in the return as reduced by the amount of,- (i) tax deducted or collected at source, in accordance with the provisions of Chapter XVII, on any income which is subject to such deduction or collection and which is taken into account in computing such total income; 27[(ia) any relief of tax claimed under section 89;] (ii) any relief of tax or deduction of tax claimed under section 90 or section 91 on account of tax paid in a country outside India; (iii) any relief of tax claimed under section 90A on account of tax paid in any specified territory outside India referred to in that section; and (iv) any tax credit claimed to be set off in accordance with the provisions of section 115JAA&nb....
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....e on the basis of that return as reduced by any tax already paid under any provision of this Act exceeds five hundred rupees, the assessee shall pay the tax so payable within thirty days of furnishing the return. (2) After a provisional assessment under section 141 or a regular assessment under section 143 or section 144 has been made, any amount paid under sub-section (1) shall be deemed to have been paid towards the provisional assessment or regular assessment, as the case may be. (3) If any assessee fails to pay the tax or any part thereof in accordance with the provisions of sub-section (1), he shall, unless a provisional assessment under section 141 or a regular assessment under section 143 or section 144 has been made before the e....
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....y, already paid under any provision of this Act," 8. Substituted vide Section 45 of the Direct Tax Laws (Amendment) Act, 1987 w.e.f. 01-04-1989 before it was read as, "the assessee shall be liable to pay such tax before furnishing the return and the return shall be accompanied by proof of payment of such tax" 9. Inserted vide Section 45 of the Direct Tax Laws (Amendment) Act, 1987 w.e.f. 01-04-1989 10. Substituted vide Section 43 of the Finance Act, 2005 w.e.f. 01-04-2006 before it was read as, "(1A) For the purposes of sub-section (1), interest payable under section 234A shall be computed on the amount of the tax on the total income as declared in the return as reduced by the advance tax, if any, paid and....
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.... tax or any part thereof in accordance with the provisions of sub-section (1), the Income-tax Officer may direct that a sum equal to two per cent, of such tax or part thereof, as the case may be, shall be recovered from him by way of penalty for every month during which the default continues: Provided that before levying any such penalty, the assessee shall be given a reasonable opportunity of being heard." Earlier, Substituted vide Section 41 of the Taxation Laws (Amendment) Act, 1975 w.e.f. 01-04-1976 before it was read as, "(3) If any assessee fails to pay the tax or any part thereof in accordance with the provisions of sub-section (1), he shall, unless a regular assessment under section 143 or section 144 has been made before ....