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Advance tax

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KISHAN (Querist)
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14 September 2016 Can Partnership firm paid Advance tax less than prescribed rate i.e 45% for 2nd instalment?

Amol S Joglekar

Amol S Joglekar (Expert)
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14 September 2016 if it falls short, it has to pay interest. Choice is yours.

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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14 September 2016 IF YOU PAY LESS THAN 45% OF TOTAL TAX LIABILITY THAN YOU HAVE TO PAY INTEREST U/S 234C FOR SHORTFALL.

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