Notification No. 85/2020
Date: November 10, 2020
Subject: Special procedure for quarterly filers—payment of tax for first two months of the quarter.
Description:
This notification prescribes a special payment mechanism for QRMP taxpayers to deposit tax for the first and/or second month of the quarter. Tax may be paid as 35% of the previous quarter’s cash liability or the last month’s cash liability, subject to conditions. The measure ensures cash flow continuity while simplifying monthly payments