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Tds

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 December 2012 sir i was a salaried now i am working as a proffesional my TDS is deducted and form 16A is given at financial year end.
1) do i have to pay advance tax quarterly or can pay tax after assesing ITR.
2)what are deductions allowed for proffesional income.
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@VaibhavJ

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@VaibhavJ (Expert)
20 December 2012 hi

yes you need to pay your advance tax quarterly as per prov of IT.

you can claim all expenses related to your business u/s 27 of IT

Thanks//Vaibhav

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