For assessees across India liable to file I-T returns by July 31, the deadline is extended up to August 5, For assessees in J&K, this date has been extended to August 31,” the secretary added. Later, the Finance Ministry in a statement said, “As per provisions of Section 139(...
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...