Payment of advance tax in instalments by the due dates under sections 210 and 211 of the Income-tax Act--Last day being holiday--Clarification regarding

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..... o All Chief Commissioners of Income-tax/ All Directors-General of Income-tax. Sir, Representations have been received by the Board seeking waiver of interest chargeable under sections 234B and 234C of the Income-tax Act, 1961, for default in payment of instalments of advance tax by the due dates (which are prescribed under section 211 of the Income-tax Act) in cases where the last date for mak .....

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..... r taken on the next day, afterwards, on which the court or office (or the bank) is open. In view of this provision, it is hereby clarified that if the last day for payment of any instalments of advance tax is a day on which the receiving bank is closed, the assessee can make the payment on the next immediately following working day, and in such cases, the mandatory interest leviable under sections .....

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