Regarding advance tax

141 views 5 replies
can we pay advance tax Now for the financial Year 2019/20 (AY 20/21) if possible please inform regarding advance tax time limits for the above mentioned FY
Replies (5)
Now it is not possible
Any tax payment on or before March 31 of the financial year is treated as advance tax and taxes paid after March 31 is treated as self assessment tax
But in winman software show advance tax can pay till June 30th for the fy 19/20
As per the Ordinance passed by the GOI, the dues falling between Mar 20, 2020 and June 29, 2020 have been extended upto June 30, 2020 or such other date as may be notified...

As regards, payment of taxes (viz. TDS, TCS, Advance tax, etc) is concerned, although the due dates have been extended, the same shall be subject to interest at a reduced rate...

So any payment of taxes not done as per original due dates but before the extended due date as per the ordinance shall be subject to interest payment
Thank u sir


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Threads
Loading