Advance Income Tax

This query is : Resolved 

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 An assessee is liable to pay advance tax if the tax payable is Rs. 10000 or more.


Due dates for payment of advance tax is as follows:


In the case of corporate assessee
On or before 15th June of the previous year.
Upto 15% of advance tax payable


--------

On or before 15th Sept. of the previous year.
Upto 45% of advance tax payable


On or before 15th Dec. of the previous year.
Upto 75% of advance tax payable


On or before 15th March of the previous year.
Upto 100% of advance tax payable




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



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries