Warning the defaulters of penal consequences, the income-tax department on recently asked assesses, who pay taxes on the basis of self-assessment, to clear their dues by March 31, 2013.
The revenue department said about 73,390 people have defaulted on payments of selfassessment tax aggregating to Rs. 3,859 crore for the current financial year 2012-13, ending March 31, 2013.
Filing an income-tax return without paying the admitted amount of income tax that is payable will render such taxpayer an `assessee in default' under the provisions of the Income Tax Act.
Such taxpayers who default in payment of self-assessment tax may invite penal consequences, the finance ministry said in a statement.
Income-tax department urges all taxpayers who have filed their returns in the current financial year and have defaulted on payment of self-assessment tax, to immediately come forward and pay the due taxes before March 31, 2013 it said.
It further said that in future, the tax arrears, in case of self assessment, should be cleared along with the filing of return.
The revenue department is plugging each and every source of revenue to achieve the Rs. 5.65 lakh crore mop up target under the direct taxes category for FY13.
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