Advance tac

This query is : Resolved 

16 December 2014 Whether advance tax paid on 16 th december will be considered advance tax

17 December 2014 Yes it will be considered as advance tax but will be taken as 4th Installment instead if 3rd as it is not deposited within 15th December. You will have to bear the burden of Interest u/s 234C.

17 December 2014 Continuing Gupta Ji, in case of non-corporate assessees, it will be considered as the 3rd installment of advance income tax instead of the 2nd.


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