Advance Tax or Self Assessment Tax

321 views
User Avatar

188 Points Posted on 21 March 2023

One of my client missed to pay the advance tax by 15.03.23 but wants to pay now shall i select advance tax in challan or self assessment tax?

0 Reply Share Follow
On 21 March 2023 at 15:46 Report
Replies (2)
Quick Summary
If you need to pay tax for the financial year 2022-23 (Assessment Year 2023-24) and the deadline has passed, you should generally pay it as self-assessment tax. However, if the payment is for the Assessment Year 2023-24 and you are paying it by 31st March 2023, it can be classified as advance tax.

User Avatar

SEO Sai Gr. Hosp.
212450 Points Posted on 21 March 2023

If paid for FY 2022-23. till 31.03.2023 it will be advance tax. (AY 2023-24)

1 Reply
On 21 March 2023 at 18:09
User Avatar

CFO- at NHTF
58280 Points Posted on 21 March 2023
If it is for AY-2023-14 then you may pay under advance tax
1 Reply
On 21 March 2023 at 20:26

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Company 3 months old, INC-20A not filed, all 3 of
  2. How do I choose the Best GST Lawyers in New Delhi
  3. Loss on sale of residential flat after indexing al
  4. Short Deduction
  5. Large mismatch between AIS Business Receipts and G
  6. Income tax on Australian Stipendiary Steward on 3
  7. INCOME TAX SECTION 92E
  8. Queries on Tax Invoice and GST
  9. Income Tax Auditor Tenure for Small Companies
  10. Sec 8 company sec 12ab reg

More recent discussions | Post

Related Topics :

Loading