24 November 2009
Hi Expert, can sombody tell me...who is liable to pay advance tax ? and what is the due date to pay advance tax for the company ? thanks, Parveen Sharma
24 November 2009
After 1.04.09 , If the tax liability comes more than Rs.10000, Advance tax should have been paid. The due dates for co. are:- upto 15th June = 15% of the tax lias upto 15th Sep = 45% of the tax lias upto 15th Dec = 75% of the Tax lias upto 15th March = 100% of the Tax Lias
24 November 2009
Hi Praveen, It is obligatory to pay advance tax in all the cases where advance tax payable is Rs. 10,000 or more Due dates : In PY corporate assessee others (% of Adv TAx) (% of Adv TAx) upto 15th June 15% - upto 15th Sep 45% 30% upto 15th Dec 75% 60% upto 15th Mar 100% 100% any payment of advance tax made before 31st March shall be treated as advance tax paid during the previous year. Regards, CA Shakuntala Chhangani