CBDT PRESS RELEASE, DATED 13-Dec-2013

The December instalment of Advance tax is required to be paid on or before 15th December, 2013 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 closed on 15th December, 2013, being a Sunday. Accordingly, to facilitate payment of this instalment 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 December, 2013 to 17th December, 2013. Taxpayers, therefore, can now pay their advance tax instalment by 17th December, 2013 without entailing any consequential interest for deferment.

F.No.385/8/2013-IT(B)
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
North Block, IT-Budget Division, New Delhi

Dated 13th December, 2013

Order under Section 119(2)(a) of the Income-tax Act, 1961

In exercise of power conferred under sec 119 (2) (a)of the Income-tax Act, 1961, the Central Board of Direct Taxes has decided to extend the last date of payment of the December Quarter Instalment of Advance Tax for the Financial year 2013-14, from 15th December 2013 to 17th December 2013 for all the assessees, Corporate and other than Corporates.

(Sandeep Singh)
Under Secretary to the Government of India

You might want to read All about Advance Tax

Advance Tax payment due date extended to 17th December 2013

Leave a Reply

Your email address will not be published. Required fields are marked *

css.php
Read previous post:
What is XIRR and How to Calculate it?

IRR (Internal Rate of Returns) & XIRR (defined as internal rate of return for irregular cash flows) are the very...

Close