Date of Payment of December Instalment of Advance Tax extended by 2 Days

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.

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

Order, F.No.385/8/2013-IT(B), dated 13th December, 2013.

In exercise of power conferred under Section 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.

Source: Press Information Bureau.