15 June 2009
Please tell whether on the last day of payment of tax cheque can be presented or is it the date by which the cheque must get cleared into the account of revenue.
15 June 2009
The date of presentation for cheque for payment of tax should be taken as the date of payment of tax.
Now a days it is compulsory for companies and assessees liable for tax audit to make e payment of taxes and there the payment is credited to the central government on the same day. Hence there would not be any problem for payment date or cheque clear date in that case.
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