Understanding Advance Tax: Due Dates, Calculation, Interest Charged & More Advance tax is a system of paying income tax in instalments throughout the financial year, instead of paying a lump sum at the end. These payments are made according to …
This move by the RBI aims to stabilize liquidity levels amidst the anticipated drain due to tax payments, ensuring banks have enough funds to smoothly navigate the financial landscape. The Reserve Bank of India (RBI) injected a hefty sum of …
SFT Reporting Error Detected; Taxpayers recently receiving advance tax payment notices from the income tax (I-T) department can now breathe a sigh of relief, at least for the moment. In a recent post on X (formerly Twitter) on March 11, …
Advance Tax E-Campaign: An initiative for Encouraging Taxpayers to accurately calculate their advance tax liability and submit the due advance tax on or before 15th March 2024 Advance Tax E-campaign for FY 2023-24: The Income Tax Department, in a press …