Advance tax paymen

370 views
User Avatar

Yy
35 Points Posted on 16 March 2023

What will be penalty and interest if advance tax is paid after 15th dec

0 Reply Share Follow
On 16 March 2023 at 14:06 Report
Replies (3)
Quick Summary
Paying advance tax late, specifically after the 15th of December, will result in penalties. You'll be liable for interest at a rate of 1% per month on the outstanding amount. This interest is calculated under Section 234B of the tax act for the period of delay.

User Avatar

banglore
1496 Points Posted on 16 March 2023
1% interest is payable on the payable amount
Reply
On 16 March 2023 at 15:26
User Avatar

Practice
1361 Points Posted on 16 March 2023
Interest under section 234B at the rate of one percent per month for one month will be payable.
1 Reply
On 16 March 2023 at 16:04
User Avatar

Profession
28271 Points Posted on 16 March 2023
Another pointwise there
Reply
On 16 March 2023 at 22:33

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Guidence requested for a Finance Professional with
  2. Expert Opinion Required – Form 140 Gross Amo
  3. WRONG TAX DEMAND - formal responses , rectificatio
  4. Foreign remittance
  5. Affordable Residential Flats in Gurgaon
  6. Manufacturing
  7. TAN REGISTRATION ON E-FILLING SITE
  8. Form 10-IEA – Continuing Old Regime
  9. Income tax act 2026
  10. Belated Return where Form 10IEA filed this year to

More recent discussions | Post

Related Topics :

Loading