Advance tax
This query is : Resolved
Debjit Saha
(Querist)
28 June 2011
if i fell to pay advance tax on 15 june then what can i do ? Please explain brifly.I want to learn about Advance tax.
CA PARAS BAFNA
(Expert)
28 June 2011
Be relaxed. Being an Individual , you are not supposed to pay advance tax on 15th June.
But do not forget to pay it before 15th of Sep.
One more thing, you can pay any shortfall in advance tax with the next installment also. You have to pay interest @3% on shortfall if you are paying it in the next quarter.
But do not forget to pay it before 15th of Sep.
One more thing, you can pay any shortfall in advance tax with the next installment also. You have to pay interest @3% on shortfall if you are paying it in the next quarter.
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