Income tax payment due date
This query is : Resolved
11 June 2015
Dear Sir,
May 2015 withholding tax paid on june 8th.
We have made payment to the income tax 8th June via E payment due to technical problems at bank.
Do we have to pay the late payment interest to department or is there any way to get it waived off if we have to pay the interest.
Regards
Vinay
May 2015 withholding tax paid on june 8th.
We have made payment to the income tax 8th June via E payment due to technical problems at bank.
Do we have to pay the late payment interest to department or is there any way to get it waived off if we have to pay the interest.
Regards
Vinay
CA Mehta Ankur N.
(Expert)
11 June 2015
have u given challan to bank earlier i mean beofre 8th june ?
If u can not pay online then u have to submit challan to bank before 7th & then no interest.
Otherwise u have to pay interest. But not a big deal. u can fight for it by showing ur problem.
If u can not pay online then u have to submit challan to bank before 7th & then no interest.
Otherwise u have to pay interest. But not a big deal. u can fight for it by showing ur problem.
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11 June 2015
Dear Mehta Ankur Sir,
We have sent the challan to the bank on 6th of June.. But Bank says their cut off time is over hence they have made the payment on 8th.
Regards
Vinay
We have sent the challan to the bank on 6th of June.. But Bank says their cut off time is over hence they have made the payment on 8th.
Regards
Vinay
Message likes :
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16 June 2015
Dear Sir,
Since June 7th is on Sunday, hence the bank processed payment is on 8th. Do we still need to Pay the interest?
Regards
Vinay
Since June 7th is on Sunday, hence the bank processed payment is on 8th. Do we still need to Pay the interest?
Regards
Vinay
Nikhil Kaushik
(Expert)
17 June 2015
actually yes. because the cut-off times are clearly provided by the banks.
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