Payment of tax on or before 31st march of financial year
This query is : Resolved
29 March 2016
Suppose the company makes a payment of tax on or before 31st march of the relevant financial year. Whether this will be treated as advance tax for the relevant assessment year. Kindly advise us.
29 March 2016
Dear it will be considered as self assessment t tax.
Advance tax is deposited before 15 march.
Advance tax is deposited before 15 march.
29 March 2016
.Yes. It is adv tax. Pl see proviso to 211(1).
29 March 2016
Yes, Tax Paying before completion of Financial year is Advance Tax.
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