Notification No. 85/2020
Date: November 10, 2020
Subject: Special procedure for monthly payment of tax at 35% for quarterly return filers
Description:
Allows quarterly return filers to pay tax for first two months of a quarter by depositing 35% of previous tax liability. Provides exceptions where sufficient balance or nil liability exists. Applies only if return for preceding complete tax period is furnished.
Effective Date: 01.01.2021