dear sir,
we have still pending to deposit some income tax 1.5 cr. amount. may I deposit part payment against pending tax ? if I deposit then how much save in interest on late payment of tax ?
thanks
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Part payment deposit aga. advance tax after 31.3.21
Replies (4)
Is it a tax arising our of assessment order?
Yes, you may make part payment to reduce interest liability. Pay it as self assessment tax.
You may use some online interest calculator to know exact saving.
Thanks
If you pay advance tax after 31 march for the year April 20 to Mar 21 it will be considered as self assessment tax not treated as advance tax for the year 2020/21
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