Advance tax
This query is : Resolved
20 March 2013
If tax payable before deducting TDS deducted is 20000 & after TDS is
2000 is advance tax & sec 234B & C applicabl
e.
2000 is advance tax & sec 234B & C applicabl
e.
20 March 2013
no if after TDS tax payable is 10000 or more
21 March 2013
Yes it shall be applicable, since in your case the total advance tax liability exceed Rs. 1000..
21 March 2013
Sumit total advance tax liability exceeds 1000 means?? can you elaborate
21 March 2013
Advance tax liability arise when tax payable is more than 10000. Tax payable means total tax minus tds.
In your case, tax payable is 2000, being less than 10000 so there is no advance tax liability
In your case, tax payable is 2000, being less than 10000 so there is no advance tax liability
Message likes :
1 times
21 March 2013
i had a doubt weather tax payable should be before deducting TDS or after., thanks Prakash for clearing it.
22 March 2013
Aplogies......I misread the net income tax liability(after adjustment of TDS) as Rs. 20,000 instead of Rs. 2,000.
No Advance tax liability shall arise
No Advance tax liability shall arise
22 July 2013
Yes I agree with the experts.
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
