Advance tax


This query is : Open 

20 September 2017 Dear Sir

I am miss to deposit my advance tax.

we have partnership firm can i deposit my tax now

or any interest and penalty need to be paid ?

Please guide


20 September 2017 Yes you can deposit your advance Tax not you not have to pay any Interest & Penalty now but you have to pay it while paying Self Assessment Tax at the time of filling the return.
But suggestion from my side that pay you Advance Tax on on before 15th Dec 2017 because if you pay not you fund will be block for advance tax payment & you have to pay interest of 3% to Govt for late payment of advance tax

21 September 2017 Yes. I fully agreed to Mr Ashiwini Ballodia.... Exactly reply My Dear.


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