Advance Payment of INcome tax
This query is : Resolved
Guest
Guest
(Querist)
02 October 2008
Dear Experts
Section 208 makes it obligatory to pay advance tax in every case where the advance tax payable is Rs. 5000 or More.
Whether Above Rs. 5000/- is to be considered while calculating total advance tax for the year or for induvidual installment.
Rohit
Section 208 makes it obligatory to pay advance tax in every case where the advance tax payable is Rs. 5000 or More.
Whether Above Rs. 5000/- is to be considered while calculating total advance tax for the year or for induvidual installment.
Rohit
02 October 2008
Total advance tax for the year. Pl refer page 288 of V.G.Metha's Income Tax Ready Reckoner(70th year publication)also.
02 October 2008
It is not individual instalment, but total for the year, after deducting TDS for the year.
Guest
Guest
(Querist)
03 October 2008
Thanks
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