Last date for advance tax payments in Jammu and Kashmir extended till December 15

NEW DELHI: The government today extended the last date for payment of the September installment of advance tax from September 15 to December 15 for taxpayers of Jammu and Kashmir.

"Considering the large-scale devastation in the state of Jammu and Kashmir due to the natural calamity, the Central Board of Direct Taxes (CBDT) has extended the date for payment of second installment of advance tax for companies and first instalment of advance tax for others for FY 2014-15 from September 15 to December 15 for all tax payers in the state of Jammu and Kashmir," the Finance Ministry said in a statement.

These taxpayers can now pay their September 2014 installment of advance tax by December 15, 2014 without entailing any consequential interest for deferment, it added.

Recently, the Finance Ministry had released in advance an installment worth Rs 856.29 crore for October to Jammu and Kashmir to help the state government deal with an unprecedented situation of floods and natural calamity.

In the worst-ever floods to hit the state in 109 years, over 260 people have lost their lives.