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Advance tax vs Tds

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(Querist)
27 August 2010 Dear friends


One doubt about adv tax. while calculating advance tax is TDS is deducted from tax
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
27 August 2010 Yes advance tax to be paid is calculated by first reducing TDS.
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CA. BIJENDER KR. BANSAL

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CA. BIJENDER KR. BANSAL (Expert)
27 August 2010 AGREED,
ADVANCE TAX TO BE PAID AFTER CONSIDERING TDS WHICH IS DEDUCTED BY OTHER PARTY.

TDS ALSO IS DEDUCTED FROM TAX LIABLITY FOR CALCUALTION OF INTERST U/S 234 B & C REALTED TO ADVANCE TAX.
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