Advance tax payment schedule: staged instalments across the year with final payment by March treated as advance tax. Advance tax must be paid in staged instalments across the financial year under a prescribed schedule, with increasing portions due at successive dates and a final instalment in March completing the obligation. Payments made on or before March 31 are treated as advance tax for that financial year and thus count toward the assessee's instalment obligations.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Advance tax payment schedule: staged instalments across the year with final payment by March treated as advance tax.
Advance tax must be paid in staged instalments across the financial year under a prescribed schedule, with increasing portions due at successive dates and a final instalment in March completing the obligation. Payments made on or before March 31 are treated as advance tax for that financial year and thus count toward the assessee's instalment obligations.
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