On April 12, 2025, the Central Board of Direct Taxes (CBDT) issued Circular No. 07/2025, enabling taxpayers to correct a single missed advance tax installment within the same financial year without attracting penalty under Section 234C of the Income Tax Act. This aims to reduce taxpayer hardship in case of genuine mistakes or cash flow delays. The circular can be accessed on the CBDT Circulars page.
Income Tax
16 April 2025
by Adv. Mahtab Ali Ansari
1 min read
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