27 July 2010
The query relates to one of my client: Liability of advance tax and interest if no tds is deducted he changed job in mid of the year due to certain reasons the new employer was not provided details of earlier employment and salary thereof. the tds deducted by the new employer was less: the total tax comes to 29000 out of which 17000 has been deducted as tds. the balance of 12000 is to be paid as advance tax. he is ready to deposit 12000 as tax before 31 july. kindly advise if any interest will be applicable if yes how much
CAclubindia
