25 April 2012
Advance tax shall be payable during a financial year in every case where the amount of such tax payable by the assessee during that year, as computed in accordance with the provisions is Rs 10000/- or more.
[ Substituted for “five thousand” by the Finance (No. 2) Act, 2009, w.r.e.f. 1-4-2009. Earlier “five thousand” was substituted for “one thousand five hundred” by the Finance (No. 2) Act, 1996, w.e.f. 1-10-1996.]
25 April 2012
dear sir, my tax liablities of incomr tax about Rs.11500/- of f.y.2011-12,and we have not paid advance tax in f.y.2011-12. now will we have to pay tax with interest.and what is the rate of interst.please conferm us
28 April 2012
Last date of payment of last installment of advance tax for FY 2011-12 was 15th march.
return filing due date:-
As per CBDT, due dates for filing of income tax returns for assess who are required to audit their account under income tax act and all corporate assessee is September 30. For all others assess ( the assess who will have income from Salary, Interest, House property, Capital gains, Pension ) due date for filing income tax returns is July 31st
CAclubindia
