Advance Tax Payment after Due Date
This query is : Resolved
16 March 2011
If I fail to pay advance tax by 15th March
Can I pay such payment before 31st March
as a advance tax with penalty or I should pay it as Self Assessment Tax
Can I pay such payment before 31st March
as a advance tax with penalty or I should pay it as Self Assessment Tax
16 March 2011
If you pay after 15th March it will not be treated as advance tax, it will be treated as self assessment tax. And you will have to pay interest u/s 234C @1% of shortfall amount.
So if you pay after 15th March pay it as self assessment tax and not as advance tax.
So if you pay after 15th March pay it as self assessment tax and not as advance tax.
Message likes :
1 times
16 March 2011
yes agreed to expert
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Exiting partner in partnership firm in gst portal
- CLOSING STOCK QUERY
- Traces submitting correction statement error
- TDS _Long term Capital Gain ref.sec 214 Table 2
- Taxability of credit in canara bank ET & T section (NRO)
- Loss of interest in PF transfer from EPFO to Trust
- ITR-Capital Gain
- IT returns for fresh job holders
- F&O reporting in ITR
- ITR-3 File/Error Found
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
