27 March 2018
Hi I need information regarding advance tax If my income tax nil l for the A Y 2017-18. If my income raise in the A Y 2018-19 roughly my tax liability goes higher that 10k then I need to pay advance tax for this year or I need to pay self assessment tax before filling the ITR PLEASES GUIDE ME
27 March 2018
You need to pay advance tax this AY 2018-19 irrespective of your tax liability in the previous years. All matters is whether your tax liability this AY exceeds Rs.10000
CAclubindia
