ADVANCE TAX
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 March 2011
I FORGOT TO PAY THE ADVANCE TAX AS ON 15/03/2011 SO IS IT POSSIBLE CAN I PAY THE TAX ON 31/03/2011 DOES THERE IS ANY PENALTY/INTEREST IN CONNECTION TO IT PLEASE REPLY EARLIEST
ASSESSEE: INDIVIDUAL
ASSESSEE: INDIVIDUAL
15 March 2011
IF YOU PAY THE TAX ON 31.03.2011 IT WILL NOT BE TREATED AS ADVANCE TAX AND YOU WILL HAVE TO PAY INTEREST @1 U/S 234C ON SHORTFALL IN PAYMENT OF ADVANCE TAX.
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