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January 2013

Clarification w.r.t. occurrence of due date on Sunday or public holiday: Trade Circular No.19T of 2012 dated 9.11.2012

By Tarun Ghia, Brijesh Cholera, Pratik Mehta, Chartered Accountants
Reading Time 1 mins
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It is clarified that, if the due date for any payments or submissions falls on Sunday or a public holiday, then such payments or submissions can be done on the next working day immediately following the due date and the same will be considered as within due date and consequently no penal actions would be taken and no interest would be levied.

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