Self-assessment.

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....ogether with interest 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 (b) the return shall be accompanied by proof of payment of tax, interest and fee. (2) The amounts referred to in sub-section (1) shall be,- (a) the amount of tax, if any, already paid u....

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....e amount so paid shall first be adjusted towards the fee payable and thereafter towards the interest payable and the balance, if any, shall be adjusted towards the tax payable. (4) For the purposes of sub-section (1), interest payable under section 423 shall be computed on the tax on the total income as declared in the return as reduced by the amount of,- (a) advance tax, if any, paid;....

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....sessed tax" means the tax on the total income as declared in the return as reduced by the amount of,- (a) tax deducted or collected at source, as per the provisions of Chapter XIX-B, on any income which is subject to such deduction or collection and which is taken into account in computing such total income; (b) any relief of tax claimed under section 157; (c) any relief....

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....n default in respect of the tax, interest or fee remaining unpaid and all the provisions of this Act shall apply accordingly. (9) The provisions of sub-section (8) shall apply without prejudice to any other consequences which the assessee may incur.     ************** NOTES:- 1.  Substituted vide Section 67 of the Finance Act, 2026 w.e.f. 01-04-2026 be....