DUE DATE OF ADVANCE TAX PAYMENT DATE EXTENDED TO 18TH MARCH 2014

DATE OF PAYMENT OF THE MARCH
INSTALMENT OF ADVANCE TAX EXTENDED FROM 15TH MARCH 2014 TO 18TH MARCH
2014
The final instalment of Advance tax for
Financial Year 2013-14 is required to be paid on or before 15th March, 2014 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 open for half day on 15th March, 2014,
being a Saturday. 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 March, 2014 to 18th March, 2014. Taxpayers, therefore,
can now pay their advance tax instalment by 18th March, 2014 without entailing
any consequential interest for deferment.
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