Advance tax

This query is : Resolved

samji (Querist)
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12 February 2013
A.y. 2013-14 agar advance tax 100000/- bhar te he aur 40000/- t.d.s . kata hua he. aur taxeble income nil aati he to koi problem he ya nahi ?

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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12 February 2013 TDS 40000/- if on Contract Business then Turnover 4000000/- .
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8% of Turnover Rs. 320000/-
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Taxable Income =320000/-
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TDS 40000/- if on Commission Business then Commission Income = 400000/- .
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Bhai, Problem tau Aa Sakti hey. Vaise Advance TAx kis Khushi me Bharwaya tha ?
.