Menu
Advance tax
2 nd instalment of advance tax was due on 15 th september I forgot to pay now I want to pay ,will it be 2nd instalment or else and what about interest on delayed payment.
Replies (4)
You can pay now also without any interest, but Interest is generated when you are file your return for A.Y.2020-21.
Thanks for quick reply
If you pay now, the payment will be considered towards 3rd Instalment 15th Dec.
For 2nd Instalment interest will be charged for 3 months.
Pay advance tax little bit more so that will take care of interest also
For 2nd Instalment interest will be charged for 3 months.
Pay advance tax little bit more so that will take care of interest also
For delayed payment of advance tax it will attract levy of 1% for every month or part of the month
Recent Threads
- Paying Rent in Cash: This Could Trigger an Income
- Market Down, Portfolio Down: Need suggestions for
- How much tax is payable If I withdraw my mutual fu
- GST Penalty Provisions under Section 73 vs Section
- How VFA Academy Helps Traders Build Discipline and
- GSTR-3B Relationship
- Section 194T: TDS on Payments to Partners: Applica
- Tax planning with HUF
- FCN ( Financial Credit Notes) Treatement in Books
- Indemnity bond notarization for Income Tax (NRI ou
Related Threads
CAclubindia
