29 May 2018
Sir,if anyone pay advance tax as per schedule for a financial year(or next assessment year) by depositing Cash(not in cheque),then that amount will be considered as income for that particular FY(or AY)?(for eg-if anyone pay advance tax Rs 50000/- in cash for FY 2018-19/AY-2019-20 for a income aprx Rs600000/-,then this amount (50k) will be included in his income or not? Please clarify sir.
CAclubindia
