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Advance Tax

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16 June 2017 sir if i paid Advance Tax on 16th June after last date of advance tax 15th june so i am liable for penalty or interest or both on the same ???? or it will be. consider my second installment ???
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
16 June 2017 You have to do so. But instead interest for three month is charged in respect of first installment.
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
16 June 2017 Sorry wrong answer posted
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
16 June 2017 Interest is charged for 3 month even if you paid it on 16 June. Pay 45% on second instalment.
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M.M Sachora

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M.M Sachora (Querist)
17 June 2017 Thanks a lot Mam👍👍👍
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
17 June 2017 Welcome Pleasure is all mine.
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