Pay up Defaulted Committed Tax - CBDT
ANALYSIS of e-filed returns 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.
CBDT brings to the notice of such taxpayers that default in payment of self-assessment tax may invite penal consequences.