Advance Tax Payment is a crucial aspect of income tax compliance in many countries, including India. It requires taxpayers to pay their tax liability in installments throughout the financial year, rather than in a lump sum at the end. This ensures timely revenue collection for the government and helps taxpayers manage their tax obligations effectively. This article will take you through the due dates, applicability, procedure, etc. So, Read on to know more…

Sections 122 and 129 are two important provisions of the Central Goods and Services Tax (CGST) Act, which govern the penal provisions related to non-compliance with the tax laws.

CBDT issues press release on 'Verification of applicability u/s 194N' functionality in e-filing portal.