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Tuesday, March 18, 2014

CBDT Extends Advance Tax Due Date + Change In High Court Tax Benches Constitution

Dear Subscriber,

CBDT Extends Due Date For Paying Advance-tax To 18.03.2014

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


Change In Constitution Of Bombay High Court’s Tax Bench w.e.f. 18.03.2014

The Hon'ble Bombay High Court has announced that there will be a change in the Constitution of the Tax Bench w.e.f. 18.03.2014.


Regards,

 

Editor,

 

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