DATE OF PAYMENT OF FINAL INSTALLMENT OF ADVANCE TAX EXTENDED FROM 15TH MARCH TO 18TH MARCH 2014

DATE OF PAYMENT OF FINAL INSTALLMENT OF ADVANCE TAX EXTENDED FROM 15^TH MARCH TO 18^TH MARCH 2014 

                       

New Delhi, March 14, 2014

Phalguna 23, 1935

The Final Installment of Advance tax for Financial Year 2013-14 is required to be paid on or before 15^th March, 2014 by the tax payers who are liable to pay advance tax. These taxpayers can make payments in the designated branches of the authorized banks, electronically or physically, as per

law. The banks are open for half day on 15^th March, 2014, being a Saturday. Accordingly, to facilitate payment of this installment of Advance tax for the Financial Year 2013-14, the Central Board of Direct taxes (CBDT) has issued an order to extend the time limit to make such payments of Advance Tax, from 15th March, 2014 to 18^th March, 2014. Taxpayers, therefore, can now pay their advance tax installment by Tuesday, 18^th March, 2014 without entailing any consequential interest for deferment.

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