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“As per provisions of Section 139(1) of Income-tax Act 1961, Central Board of Direct Taxes extends the due date for filing returns of Income for Assessment Year 2016-2017 from July 31, 2016 to August 5, 2016, in case of taxpayers throughout India who are liable to file their Income...
The inability to pay the advance tax by the due date can attract penalties and interest. So, if eligible, you must clear your advance tax payment before the due date of the financial year. Make sure you consider all your sources of income, including capital gains and renta...