Advance tax

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04 November 2013 What is advance tax? how does it calculate?? please explain with example.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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04 November 2013
https://www.caclubindia.com/articles/concept-of-advance-tax-10847.asp#.UndZVZLrbIU

Advance tax calculation file you can download from files section

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04 November 2013 Thank u so much
!!!!!!!!!!!!!!

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Querist : Anonymous

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04 November 2013 On which basis the projection of total income of an assessee has been done?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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04 November 2013 This is just your business plan & profit plan for the particular financial year. may be follow the budget and make adjustment as on that advance payment date

Querist : Anonymous

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04 November 2013 If Advance tax is not paid by the corporate or non-corporatye assessee is there any panelty charge?? If they are failed to make projection regarding this.Can they paid the total tax in assessment year?