GK
TAXES IN INDIA
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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5th day of the month immediately following each quarter
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25th day of the month immediately following each quarter
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5th day of the month immediately following the calendar month
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25th day of the month immediately following the calendar month
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Detailed explanation-1: -Individual Services, Proprietorship, and Partnership firms pay the service taxes on a quarterly basis. If deposited through the online portal, the tax must be paid on the 6th of July, the 6th of October, the 6th of January, and the 31st of March.
Detailed explanation-2: -Individuals: All individuals who provide services that are deemed to be taxable, with a value found to be more than Rs 9 lakhs over the course of a financial year, are required to make payment of service tax on a quarterly basis.
Detailed explanation-3: -The due dates for payment of different installments of advance tax in case of all assessees (other than the eligible assessees as referred to in section 44AD or section 44ADA) are as follows: By 15th June By 15th Sept. By 15 Dec.