Query regarding income tax interest
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 June 2013
I have to pay some interest though I paid advance tax. My computation of income done on 01/06/13 and if I pay tax on 07/06/13, will there be any increase of interest and so the total tax amount? pls help.
CA PARAS BAFNA
(Expert)
06 June 2013
There will be no increase. On the basis of computation made on 01/06/13 you can pay tax up to 30/6/13.
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