Last date for AdvanceTax Payment in March

My Friend, Tax paid Till 31st March of the previous year WILL BE TERMED AS ADVANCE TAX...

DIFFERENCE IS SEC 234 C WHICH SAYS THAT 100% OF ADVANCE TAX LIABILITY SHOULD BE PAID TILL 15th MARCH

THIS MEANS IN RESPECT OF LAST QUARTER : -

1) Interest u/s 234 C  WILL NOT BE LEVID - ON ADVANCE TAX PAID TILL 15th MARCH

2)  Interest u/s 234 C WILL BE ATTRACTED - ON ADVANCE TAX PAID BETWEEN 15th MARCH - 31st MARCH

completely agreed with amir.

completely agreed with amir.

sunil

However there is a special clause for Income from capital gains & Casual income.

for this pls check out First Proviso to section 234C(1)

sunil

Agreed with amir

thanks amir for the expert opinion

 Agreed, with Amir

:-)

 Agreed with amir.

HEY Rakesh

Please Find the Attached File, definately this will Help U lot.

you have to pay advance tax upto 15th March........... to stop get burdened with Interest u/s 234C.......... as it would be levied on payment made from 15th to 31st March..........

ya amir is right

totally agree with amir

pls also read special provisions for payment of advance tax in case of capital gains