Income tax payment due date

This query is : Resolved

VINAY K L (Querist)
Follow

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

CA Mehta Ankur N.

CA Mehta Ankur N. (Expert)
Follow

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.

Message likes : 1 times

VINAY K L

VINAY K L (Querist)
Follow

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

Message likes : 1 times

VINAY K L

VINAY K L (Querist)
Follow

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

Nikhil Kaushik

Nikhil Kaushik (Expert)
Follow

17 June 2015 actually yes. because the cut-off times are clearly provided by the banks.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Chaitanya Voolla

MEHUL M. KEVAT

K.S. ANANTHARAJAN

v.rama krishna

DEEPAK BHARGAVA

Subscribe Now

Income tax payment due date

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Accountant

CA Final

Article Assistant

GST CONSULTANT

Manager- Finance and Compliance

GST CONSULTANCY