Last date for advance tax payment in J&K extended till December 15, 2014

New Delhi, Sept 19 (KNN) The government has extended the last date for payment of the September instalment of advance tax from September 15 to December 15 for taxpayers of the flood-affected Jammu and Kashmir. 

Considering the large-scale devastation in the State of Jammu and Kashmir due to the natural calamity, the Central Board of Direct Taxes (CBDT) has extended the date for payment of second instalment of advance tax for companies and first instalment of advance tax for others for FY 2014-15 (AY 2015-16) from September 15, 2014 to December 15, 2014 in case of all the tax payers in the State of Jammu and Kashmir, the Finance Ministry said in a release.
 
These taxpayers can now pay their September 2014 instalment of advance tax by December 15, 2014 without entailing any consequential interest for deferment, the Finance Ministry added.
 
Earlier this month, the state witnessed worst-ever floods in last 109 years. (KNN/SD)