Advance tax


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Querist : Anonymous

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Querist : Anonymous (Querist)
26 July 2011 Dear Sir,

My friend has paid advance tax of Rs. 40000 for the financial year 2010 - 2011 on 13-4-2011. But the last date for making payment for advance tax is march 2011. so the advance tax should be taken for Financial year 2010 - 2011 or for the Financial year 2011 - 12

26 July 2011 While paying the advance tax... if the FY chosen in the challan 280 is 2010-11 then, of course this payment will be treated for 2010-11.

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 July 2011 But once i enter in the software it is not accepting.
thanks

26 July 2011 You have to choose... self assessment tax...instead of advance tax as after 31st March, system will not accept advance tax.

26 July 2011 IF FINANCIAL YEAR SELECTED IN THE CHALLAN ITNS 280 IS 2010-11 ON WHICH PAYMENT IS MADE ON 13-04-2011, SYSTEM WILL TREAT THIS AS SELF ASSESSMENT TAX ONLY. THEREFORE, ENTER THE DETAILS IN SELF ASSESSMENT COLUMN AND PROCEED ACCORDINGLY.

26 July 2011 agree with mr warrier

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 July 2011 Thank you very much.


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