No.402/92/2006-MC (25 of 2012)
Government of India / Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
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New Delhi, 8th October, 2012
PRESS RELEASE
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.
(Kavita Pandey)
CIT (Media Spokesperson), CBDT
I feel the CBDT ought to have requested the Ministery to direct the Banks to work on 29th and 30th Septermber, 2012 whole day and which could have avoieded inconveinece to the tax payers. Now, the CBDT has as a gesture direct its officals not charge any interest for belated payment, in all cases where taxes have been paid as required u/s.140A of the Act, on 1st and 2nd of Ocotber. This is because some of the banks observe Mpndays as weekly holidays.