Dear friends,
I found in a website that w.e.from AY 2013-14 (PY 2012-13), Individual assessees having business income whose estimated tax liability exceeds Rs. 10,000/- for the AY 2013-14 has to deposit advance tax @ 15% on or before 15th June 2012. But there is no mention about the rule/circular/notification number.
If anybody knows about it, please share..
Thanks in advance..
For Individual assessee the due date is 15th sept., 15th Dec, & 15th March.........
Yes this is a recent circular issued about the advance tax on cut off amount.
However that is applicable only for corporates and not individual.
Please go through the link where it is clearly explained with examples.
https://www.simpletaxindia.net/2009/12/pay-your-advance-tax-on-time-otherwise.html
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