Period of Advance tax paid

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This discussion clarifies the period during which Advance Tax is considered paid, typically from 1st April to 31st March of the financial year. It also distinguishes Advance Tax from Self-Assessment Tax, explaining that tax paid outside of regular Advance Tax instalments, such as for demands or penalties, is generally considered Self-Assessment Tax.

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(Querist)
18 June 2023 whether deemed Advance tax paid between 1st April to 31st March of Financial year and there after tax paid is deemed self assessment tax paid.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
18 June 2023 Yes, unless tax paid in any other conditions.
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Daya

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Daya (Querist)
18 June 2023 sir,
can explain what would be the other condition.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
18 June 2023 It means if it is paid for any demand, or penalty etc., is other options/conditions.
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