Last Date for Payment of Tax.

One important point that comes to our mind quite often is how to calculate the last date for payment of tax.

The tax for transport vehicles can be paid up to 45 days from the beginning of the quarter.
so for quarter ending 30-6 the last date is 15-5
for 30-9 the last date is 14-8
for 31-12 the last dt is 15-11
for 31-3 the last date is 14-2

We will now come to the demand draft purchased on or before the last date.

If the last date is a holiday, the demand draft can be presented on the next working day and as well as the following two working days.

For eg. if 15-2 is a holiday then the d.d. purchased on 16.2. can be presented on 17.2. and as well as 18-2.

Suppose if 15-2 is a working day and 16-2 and 17-2 are holidays, the d.d. purchased on 15-2 can be presented without penalty on 18-2

If 15-2 is a working day and 16.2. is a working day but 17-2 is a holiday, the d.d. purchased on 15-2 can be presented on 18.2.

Section 11 of the General clauses Act states that if the last day of any prescribed period happens to be a holiday, the act done on the next working day shall be considered as one in time.

General clauses Act is a common Act which runs concomittantly with all the Acts enacted.

The only consideration for the above is that the demand draft must be taken on the last date.

See also circular no. 6/2002.