ADVANCE TAX
This query is : Resolved
24 June 2010
If an Individual have an income from business,plus in july he get STCG(Other than u/s 111a)of rs.539278/- so how to calculate advance tax & int. u/s 234c & 234b for STCG.
24 June 2010
It should be calculated on provisional basis considering how much you may paid at the year end. any ways you need to pay the interest on the differential componant
24 June 2010
Agreed. Estimate the amount of income you will have at the year end. Also consider the Capital gain exemption you will be able to claim by way of investment in capital Gain Saving Schemes and then estimate the your Gross Total Income.
Pay the advance tax on the basis of the estimated tax liability. Try to pay the balance amount , if any in the last quarter of the FY, otherwise, you are required to pay the iNterest Amount.
Pay the advance tax on the basis of the estimated tax liability. Try to pay the balance amount , if any in the last quarter of the FY, otherwise, you are required to pay the iNterest Amount.
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
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- 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
- 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 ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
