Advance tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 October 2015
Respected All,
I have a query regarding advance tax.
Payment of Advance Taxes of Income Tax - Individual/Firms:
• 1st Payment of 30% - 15th September
• 2nd Payment of 60% - 15th December
• 3rd Payment of 100% - 15th March
Payment of Advance Taxes of Income Tax - Companies:
• 1st Payment of 15% - 15th June
• 2nd Payment of 45% - 15th September
• 3rd Payment of 75% - 15th December
• 4th Payment of 100% - 15th March
Can I pay Advance tax beyond these dates?
Suppose I did not pay advance tax of September quarter on 15th September.Can I pay it in October or November
Is there any penalty or restriction on payment of advance tax beyond due dates?
I just want to pay IT on lump sum basis whenever i received the money I pay the IT.
I have a query regarding advance tax.
Payment of Advance Taxes of Income Tax - Individual/Firms:
• 1st Payment of 30% - 15th September
• 2nd Payment of 60% - 15th December
• 3rd Payment of 100% - 15th March
Payment of Advance Taxes of Income Tax - Companies:
• 1st Payment of 15% - 15th June
• 2nd Payment of 45% - 15th September
• 3rd Payment of 75% - 15th December
• 4th Payment of 100% - 15th March
Can I pay Advance tax beyond these dates?
Suppose I did not pay advance tax of September quarter on 15th September.Can I pay it in October or November
Is there any penalty or restriction on payment of advance tax beyond due dates?
I just want to pay IT on lump sum basis whenever i received the money I pay the IT.
CA R SEETHARAMAN
(Expert)
26 October 2015
you can pay it no restriction but interest will be applicable for the delayed remittance.
Message likes :
1 times
CA Mehta Ankur N.
(Expert)
26 October 2015
You can pay no issue at all, if you pay in October for Sept. installment interest will be charged.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- MSME disclosure and disallowance
- Taxation of crypto futures in India Fy 2026- 2027
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
