incometaxquery (Software Engineer) 28 September 2020
I wish to understand that if I miss to pay advance tax by the date of 15 Sept OR underpaid, then does it give any benefit to pay in Oct OR should it make sense to only pay now in December just before next advance tax date of Dec 15th?
I wish to keep penalty calculatons (234A, B or C whatever it is) to a lower value as much as possible
Sagar Patel (Tax and Business Consultant) 28 September 2020
Yes, it's advisable to pay only in December as there is no benefit if you pay it in October, Interest liability remain same in both the cases...