Advance tax
This query is : Resolved
15 July 2015
if a co. is incorporated in sep. of any year then whether first installment of advance tax june will be applicable. and interest 234 C will be charged or not
15 July 2015
The question of interest arises only if there is a shortfall in paying advance tax.
If you pay not less than 90% of the tax within 15th March (Last quarter), no interest on advance tax payment will be applicable.
Also, since the business is not existent on the first installment applicable date, it is rational that you can not be levied any interest on that.
If you pay not less than 90% of the tax within 15th March (Last quarter), no interest on advance tax payment will be applicable.
Also, since the business is not existent on the first installment applicable date, it is rational that you can not be levied any interest on that.
15 July 2015
Agree with the expert, CA John Abraham Austin.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- TDS deduction (debit notes)
- Can a partnership firm become partner in a LLP ?
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- TDS on purchase of value vouchers for employees ?
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
