Payment of advance tax by third party

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Project Manager
85 Points Joined July 2009

Hi All, 

The matter is minor though trying to find out correct rule for it.

Can anyone ( EG Mr. X ) pay for other non blood relative's advance tax from his account( Mr. X's account)  online? 

What is IT Depts Guideline for it. 

I was looking forward to create an IT challan and its number for one of my friend who does not have online access by paying advance tax for Rs. 10/-  but thought to ask this wise quiestion. 

Anticipate some one can throw light ..

I am sure that out of this club i will get correct answer. 

Regards

 

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On 25 May 2016 at 17:46 Report
Replies (5)
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accountant
310 Points Joined February 2010

yes you can pay his advance tax but you have to collect cheque of the same amount which you will pay...

example if you paid Rs. 5150/- advance tax so you have to collect cheque of Rs. 5150/- from him and deposit into your account....

Thanks

2 Reply
On 25 May 2016 at 18:17
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student
750 Points Joined May 2016

Yes you can pay... Therez no rule that assessee himself has to pay.

1 Reply
On 25 May 2016 at 19:45
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Chartered Accountants
2015 Points Joined August 2010

agree with all above

 

1 Reply
On 25 May 2016 at 19:59
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Ca firm
77 Points Joined July 2012

Yes you can pay and credit him in your books with the same amount

1 Reply
On 26 May 2016 at 01:38
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Project Manager
85 Points Joined July 2009

Dear All, 

Thanks for everyone's reply and acknowledge your spending time to write the reply.

Especially

Riyaz, Ikesh, Anonymous-- who ever you are , & Tax Pandit !!

Reply
On 26 May 2016 at 13:35


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