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Advance Tax

This query is : Resolved 

10 January 2009 If TDS is deducted monthly from Salary.

Them while calculating Interest U/s of
234A or 234B or 234C can that TDS be
treated as advance tax paid before 15th Sept. or 15th Dec. or 15th Mar respectively.

10 January 2009 Interest under section 234A,234B or 234C is always calculated only after giving effect to T D S.Liability of advance tax is calculated as Total tax due less T D S if any.

10 January 2009 While calculating interest, the TDS amount has to be deducted and any advance tax has to be deducted.




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